STOCKS TO WATCH: Align-Rite, Caldera, J.D. Edwards and Semtech

Align-Rite looks to gain ground Tuesday after it easily surpassed Street estimates in its fourth quarter, posting a profit of $839,000, or 17 cents a share, on sales of $15.2 million.

A survey of analysts by First Call Corp. predicted the chip-equipment manufacturer would earn 11 cents a share in the quarter.

Its shares closed up 7/16 to 20 1/2 ahead of the earnings report.

The $15.2 million in sales represents a 20 percent improvement from the year-ago quarter when it earned $903,000, or 19 cents a share, on sales of $12.7 million.

First Call consensus expects it to earn 72 cents a share in fiscal 2001.

Caldera posted a second-quarter loss of $9.2 million, or 32 cents a share, on sales of $1.4 million.

Its shares closed up 1 1/8, or 12 percent, to 10 5/8.

There was no First Call consensus estimate for Caldera this quarter. Zack's Investment Research Inc. pegged it for a loss of 19 cents a share, excluding one-time charges and stock compensation.

The $1.4 million in sales marks a 150 percent jump from the year-ago quarter when it lost $1.8 million, or 11 cents a share, on sales of $544,000.

Caldera shares have plummeted since its auspicious initial public offering in March.

Its shares peaked at 33 in March before falling to a low of 9 earlier this month.

Both analysts following the stock rate it a "buy."

The designer and operator of underwater fiber-optic systems has accused Tyco International Ltd. (NYSE: TYC, another maker of electronic connectors and undersea fiber-optic cable of stealing trade secrets. Tyco fell 1 3/16 to 46 5/16 at Monday's close, and fell as low as 43 in after-hours trading. Global Crossing fell 35/64 to 28 1/64.

J.D. Edwards shares will be worth watching Tuesday after the software developer said unveiled a restructuring plan that will include the elimination of more than 800 jobs.

The announcement follows the company's warning from earlier this month, when J.D. Edwards said it would report second quarter results below Wall Street estimates.

In addition to the job cuts, other cost-cutting measures include moving to an online procurement system, more use of computer training for customers and reducing offices.

Shares of J.D. Edwards fell 3/4 to 12 1/2 Monday.

The chipmaker should rise Tuesday after it topped analysts' estimates in its first quarter, raking in $12.1 million, or 32 cents a share, on sales of $57.4 million.

First Call Corp. consensus pegged it for a profit of 30 cents a share in the quarter.

Ahead of the earnings report, the stock closed off 6 1/4, or 12 percent, to 46 1/16.

The $57.4 million in sales marks a 74 percent jump from the year-ago period when it earned $4.8 million, or 14 cents a share, on sales of $33 million.

In the quarter, gross profit margins rose to 54.3 percent, up 50 basis points from the fourth quarter.

Company officials said it expects gross margin to continue to expand due to increased sales of high-margin new products.

First Call consensus expects Semtech to earn $1.38 a share in the fiscal year.

The stock surged to a 52-week high of 79 3/4 in February after falling to a low of 18 7/8 last May.

The financial news Web site was sued by News Corp.'s (NYSE: NWS) Fox News Network over plans to cancel a TV show the two companies jointly produce. TheStreet.com fell 11/16 to 6 9/16 at Monday's close.