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Tech Industry

STOCKS TO WATCH: ADC Telecom, Credence Systems and NetSilicon

    Expect the following technology stocks to be among Wednesday's most actively traded issues: ADC Telecom, Credence Systems and NetSilicon.

  • ADC Telecom (Nasdaq: ADCT)

    ADC Telecom will be active Wednesday after it topped analysts' estimates in its fourth quarter, earning $138 million, or 18 cents a share, on sales of $1.03 billion.

    Analysts were looking for a profit of 17 cents a share in the quarter.

    Its shares closed off $1.28 to $17.53 ahead of the earnings report.

    The $1.03 billion in sales marks a 63 percent improvement from the year-ago quarter when it earned $71 million, or 10 cents a share, on sales of $634 million.

    For the fiscal year, it recorded net income of $868.1 million, or $1.13 a share, on sales of $3.29 billion compared to a profit of $77.9 million, or 11 cents a share, on sales of $2.15 billion in fiscal 1999.

    Looking ahead, company officials expect to earn between 68 cents to 70 cents a share in fiscal 2001, in line with current analyst estimates. It expects sales to improve between 25 percent to 30 percent this year.

  • Credence Systems (Nasdaq: CMOS)

    Credence could be in for a fall Wednesday after it beat the Street in its fourth quarter but warned that its sales would slip in the first quarter.

    In the quarter, it made $52.5 million, or 96 cents a share, on sales of $220.2 million.

    First Call Corp. consensus expected it to earn 95 cents a share in the quarter.

    Its shares fell $2.25 to $18.50 ahead of the earnings report.

    The $220.2 million in sales marks a 175 percent improvement from the year-ago quarter when it posted a profit of $8 million, or 18 cents a share, on sales of $80.2 million.

    Despite the decent fourth-quarter numbers, Credence officials said sales would slip a bit in the first quarter.

    "In the current uncertain industry environment, there are concerns that some of these orders could be pushed out," Siddall said. "In view of this uncertainty we estimate revenue will be sequentially down in the first quarter of fiscal 2001."

  • NetSilicon (Nasdaq: NSIL)

    Keep track of NetSilicon Wednesday following its third-quarter results.

    It met analysts' estimates in the quarter, earning $672,000, or 4 cents a share, on sales of $10.7 million.

    First Call Corp. consensus pegged it for a profit of 4 cents a share in the quarter.

    Ahead of the earnings report, its shares fell 19 cents to $4.88.

    In the year-ago quarter, it earned $905,000, or 7 cents a share, on sales of $10.1 million.

    NetSilicon shares moved as high as $49 in February before falling to a low of $3.38 earlier this month.