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HolidayBuyer's Guide
Tech Industry

STOCKS TO WATCH: ADC Telecom, Network Appliance, Network Solutions and Onsale

Expect the following technology stocks to be among Thursday's most actively traded issues: ADC Telecom, Network Appliance, Network Solutions and Onsale.

  • ADC Telecommunications Inc. (Nasdaq: ADCT)

    ADC Telecom topped analysts' estimates in its third quarter Wednesday, earning $52 million, or 37 cents a share, on sales of $444 million.

    Its shares closed off 1/4 to 43 7/8 ahead of the earnings report.

    First Call consensus pegged it for a profit of 34 cents a share in the quarter.

    The $444 million in sales represents 23 percent jump versus the year-ago quarter when it earned $41 million, or 30 cents a share, on sales of $362 million.

    In the quarter, ADC took a one-time charge for purchased in-process research and development expenses of $58 million in connection with the acquisitions of Spectracom and Pathway.

  • Network Appliance Inc. (Nasdaq: NTAP)

    Network Appliance hit analysts' estimates in its first quarter Wednesday, earning $13.5 million, or 16 cents a share, on sales of $103.3 million.

    Its shares closed off 1 3/16 to 55 1/8 ahead of the earnings report.

    First Call consensus expected the provider of network-attached data access products to earn 16 cents a share in the quarter.

    By any measure, it was a terrific quarter for the Sunnyvale, Calif. company.

    The 103.3 million in sales represents an 80 percent jump compared to the year-ago quarter when it made $7.1 million, or 10 cents a share, on sales of $57.4 million. It was also a 14 percent jump from the fourth quarter when it recorded sales of $90.8 million.

    Network Appliance counts the likes of Lycos Inc. (Nasdaq: LCOS), Yahoo! Inc. (YHOO), Cisco Systems Inc. (Nasdaq: CSCO) and Texas Instruments Inc. (NYSE: TXN) among its customers.

    The stock moved up to a 52-week high of 67 in April after falling to a low of 16 in October.

    Nine of the 10 analysts following the stock maintain either a "buy" or "strong buy" recommendation.

    First Call consensus expects it to earn 68 cents a share in the fiscal year.

  • Network Solutions Inc. (Nasdaq: NSOL)

    Network Solutions announced a pact late Wednesday that will broadly expand Network Solutions' Web address and ``.com'' directory services overseas.

    The deal calls for Orientation.com to act as a distributor of Network Solutions' registration services for ``.com,'' ''.net'' and ``.org'' addresses in Asia, Africa, Central/Eastern Europe, Latin America/Caribbean, the Middle East and Oceania.

    Financial terms were not disclosed.

    The agreement promises to help rapidly expand Network Solutions' marketing reach beyond its U.S. base. Following the news, Network Solutions rose 5 3/8 to close at 64 3/4.

  • Onsale Inc. (Nasdaq: ONSL)

    The online auctioneer announced late Wednesday that it expects to see third-quarter sales of more than $91 million, up between 8 percent to 12 percent from the second quarter.

    Fourth quarter revenue will rise 15 to 20 percent from the third, the company added. That forecast doesn't include expectations for the operations being acquired from Egghead.com Inc. (Nasdaq: EGGS)

    Wall Street was expecting good news. Shares of Onsale gained 1 11/16 to 16 1/4 in regular trading prior to Wednesday's news, which came after market close. The stock was up in after hours trading.

    Onsale expects gross margin of 4 to 5 percent for the third quarter and 4 to 6 percent for the fourth. Marketing expenses are targeted at $14 million to $15 million for the September quarter and $17 million to $19 million for the last three months of the year. The company plans to increase its radio and TV advertising.