CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

STOCKS TO WATCH: Applied Materials, Conexant Systems and Inprise

    Expect the following technology stocks to be among Monday's most actively traded issues: Applied Materials, Conexant Systems, eToys, Inprise, New Era of Networks, and Youbet.com.

  • Applied Materials Inc. (Nasdaq: AMAT)

    Applied Materials figures to be the chief beneficiary of this week's SEMICON West trade show. The meeting will bring together the world's leading semiconductor-equipment manufacturers as well as analysts and customers.

    Conventional wisdom says this week's meeting will be extremely positive, especially since the industry is finally seeing a revival in sales and orders.

    "It's going to be a big love-in," Mike O'Brien, an analyst at SoundView Technology Group, told Reuters. "It's going to be 180 degrees different from last year. It's going to be 'how great business is'...(Last year) there were just no orders. It was the worst downturn in 30 years."

    The industry's trade group, SEMI, plans to release a survey of member companies reflecting growing optimism and a forecast for industry revenues to grow 9 percent in 1999 to $23.8 billion, compared with a drop of 20.9 percent in 1998.

    Applied Materials shares closed up 1 3/16 to 74 1/8 Friday. The stock peaked at 75 15/16 last week after falling as low as 21 9/16 in October.

  • Conexant Systems Inc. (Nasdaq: CNXT)

    The maker of analog PC and fax modem chipsets will make some noise Monday after company officials announced it will join the Nasdaq 100 Index Wednesday.

    Conexant will replace Chancellor Media (NYSE: AMFM).

    The stock closed up 1 5/8 to 61 1/2 Friday.

    All 12 analysts following the stock rate it either a "buy" or "strong buy."

    After falling to a low of 13 in January, the stock steadily moved up to a 52-week high of 68 3/8 earlier this month.

  • eToys Inc. (Nasdaq: ETYS)

    The online retailer is adding children's books to its offerings, an expansion that puts it in competition with Amazon.com and other well established sites.

    The expansion will increase the number of products offered by eToys from 15,000 to 100,000 according to a Monday report in the Wall Street Journal.

    Shares closed Friday down 2 7/8 to 43 3/4.

  • Inprise Inc. (Nasdaq: INPR)

    The software developer formally known as Borland International said Friday it will report a wider-than-expected loss in its second quarter.

    Inprise officials said it will now lose between 17 cents to 22 cents a share.

    First Call consensus expected Inprise to lose 12 cents a share in the quarter.

    Its sales are expected to fall between $38 million to $41 million, down from $46.5 million in the same quarter last year. The company blamed a longer sales cycle.

    The stock fell 3/16 to 5 Friday.

  • New Era of Networks Inc. (Nasdaq: NEON)

    Lawsuits were filed against the maker of software that links incompatible computer programs. The suits were requesting class-action status on behalf of shareholders who bought the stock since October. The company is the target of four more shareholder lawsuits, after it warned of a second-quarter loss. Shares fell 9/16 to 171/2.

  • Youbet.com Inc. (Nasdaq: UBET)

    Youbet.com won't be permitted to accept wagers on Hollywood Park races after the termination of its agreement with Hollywood Park Inc. (HPK), which said it will terminate the agreement effective July 11. Shares closed down 1/8 to12 3/8.

    Reuters contributed to this report.