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Tech Industry

STOCKS TO WATCH: Amazon.com, Go2Net, JDS Uniphase and VerticalNet

    Expect the following technology stocks to be among Thursday's most actively traded issues: Amazon.com, Go2Net, JDS Uniphase and VerticalNet.

  • Amazon.com (Nasdaq: AMZN)

    Investors will be reacting to the online retailer's second-quarter earnings report.

    While Amazon.com did beat the Street estimate, it still lost $89 million, or 33 cents a share, on sales of $578 million.

    First Call Corp. consensus expected the online retailer to lose 35 cents a share in the quarter.

    Ahead of the earnings report, Amazon.com shares fell 1 9/16 to 36 1/16, primarily as a result of a scathing downgrade and research note from Lehman Brothers analyst Holly Becker.

    The stock slid to 32 1/4 in after-hours trading.

    The $578 million in sales represents an 84 percent jump from the year-ago quarter when it lost $67.2 million, or 26 cents a share, on sales of $314 million.

  • Go2Net (Nasdaq: GNET)

    Go2Net shares will be on the rise Thursday after InfoSpace (Nasdaq: INSP) said it will issue 1.82 shares of stock for each outstanding share of the Internet content aggregator.

    Go2Net shares closed off 1 9/16 to 60 9/16 ahead of the merger announcement before shooting up 9 9/16 in after-hours trading.

    InfoSpace easily topped analysts' estimates in its second quarter Wednesday and announced it will pay a hefty premium to acquire Internet content aggregator Go2Net in stock deal valued at more than $4 billion.

    The board of directors of both companies have approved the deal and expect it to close sometime in the fourth quarter.

  • JDS Uniphase (Nasdaq: JDSU)

    Wednesday's most actively traded issue figures to similar action Thursday after it beat analysts' estimates in its fourth quarter.

    JDS Uniphase earned $114 million, or 14 cents a share, on sales of $524 million.

    First Call Corp. consensus expected the maker of fiber-optic network equipment to earn 12 cents a share in the quarter.

    Its shares closed up 5 13/16 to 136 ahead of the earnings report.

    The $524 million in sales marks a 173 percent improvement from the year-ago quarter when it earned $41 million, or 6 cents a share, on sales of $192 million.

    For the fiscal year, JDS Uniphase pocketed $327 million, or 42 cents a share, on sales of $1.43 billion, up from a profit of $125 million, or 18 cents a share, on sales of $282.8 million in fiscal 1999.

    JDS Uniphase will be added to the S&P 500 Index after the bell.

    Earlier this quarter, it announced it will buy SDL Inc. (Nasdaq: SDLI) for $41 billion in stock.

  • VerticalNet (Nasdaq: VERT)

    VerticalNet posted a second-quarter loss of $18.8 million, or 23 cents a share, on sales of $53.6 million.

    Analysts were expecting a loss of 30 cents a share in the quarter.

    Its shares traded at 56 23/64 in after-hours trading after closing at 56 3/4 ahead of the earnings report.