STOCKS TO WATCH: Alloy Online, Broadcom and GetThere.com
Expect the following technology stocks to be among Thursday's most actively traded issues: Alloy Online, Broadcom and GetThere.com.
Alloy Online should get a boost after it posted a smaller-than-expected loss in its second quarter Wednesday, losing $5.7 million, or 31 cents a share, on sales of $11.1 million.
First Call Corp. consensus expected the provider of content, commerce and entertainment to the Generation Y crowd to lose 34 cents a share in the quarter.
Its shares closed up 0.219 to 8.938 ahead of the earnings report.
The $11.1 million in sales represents a 191 percent improvement from the year-ago quarter, when it lost $3.1 million, or 23 cents a share, on sales of $3.8 million.
In the quarter, Alloy Online's consolidated database reached 5.8 million users. Its registered user base jumped to 2.6 million users compared to 850,000 users in the year-ago period.
Broadcom will face some heat Thursday after competitor Intel (Nasdaq: INTC) filed a patent infringement lawsuit against the chipmaker.
Filed in U.S. District Court in Delaware, the strongly worded suit claims Broadcom conscientiously copied Intel's technology.
"As part of this effort, Broadcom focused on acquiring Intel technology by inducing Intel employees to disclose Intel trade secrets to Broadcom," Intel said in the lawsuit.
Broadcom shares closed off 13 1/2 to 238 7/16 while Intel fell 9/16 to 73 1/2.
GetThere.com will be active after it beat the Street in its second quarter.
It posted a loss of $6.2 million, or 19 cents a share, on sales of $7.8 million.
Analysts were expecting a loss of 28 cents a share in the quarter.
Its shares closed up 0.125 to 17.375 ahead of the earnings report but moved up to 17.50 in after-hours trading.
On Monday, the company said it agreed to be acquired by Sabre Holdings (NYSE: TSG) for $757 million.
Including amortization expenses, GetThere lost $10.6 million, or 33 cents per share, in the second quarter.
Second quarter revenue increased to $7.8 million, up 17 percent sequentially and up 137 percent year-over-year. Gross margin improved to 39.7 percent from 34.8 percent in the first quarter.