Expect the following technology stocks to be among Monday's movers: AT&T, CompUSA, 1-800-Flowers and Lycos.
According to Bloomberg News, AT&T said it will introduce new products and services on a conference call Monday.
AT&T Corp. also said it will split its equipment vendor contracts among Lucent Inc., Nortel Networks Corp. and Ericsson Inc., a unit of LM Ericsson Telephone Co. of Sweden. to improve its wireless network. The nation's largest wireless carrier said the three-pronged strategy will increase the capacity and improve reliability of its wireless network, which has recently disappointed customers with frequent dropped calls and busy signals in New York.
Financial terms of the contracts were not disclosed, though AT&T executives said the value was "much more attractive" than the $1 billion contract the company signed with Lucent, in March. AT&T said the plan will allow it to save $900 million during the next four years.
Analysts also said the company is expected Monday to tell Wall Street analysts it will meet its 1999 goals for revenue growth and earnings while introducing its own cut-rate calling plan. The company may match the 5-cent-a-minute plans offered by rivals MCI WorldCom Inc. and Sprint Corp.
There won't be a lot to cheer about when CompUSA reports its fourth quarter and year-end results. First Call consensus calls for a loss of 24 cents a share.
But that doesn't mean the company is standing still.
On Friday, CompUSA said it will distribute America Online Inc.'s software in its chain of 210 stores and develop PCs specially modified for AOL's software under a wide-ranging marketing deal between the two companies.
It's been a long month for 1-800-Flowers.com Inc., a company that's still struggling to get above its IPO price.
But now 1-800-Flowers' quiet period is ending so look for a little pop.
Lead underwriter Goldman Sachs is likely to start coverage and the company might get some much-needed public relations.
The stock could use a little help.
According to an Inter@ctive Week report, Web portal Lycos Inc. (Nasdaq: LCOS) is negotiating a far-ranging partnership with advertising services company DoubleClick (Nasdaq: DCLK), according to industry executives familiar with the talks.
Lycos already has begun limited testing of DoubleClick systems that handle the serving and tracking of banner ads on the navigation hub, industry executives said. Ultimately, DoubleClick could replace the stable of ad-serving companies controlled by venture investment firm CMGI that now manage much of the advertising shown on Lycos' network of sites.