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Tech Industry

STOCKS TO WATCH: Bell Atlantic, General Instrument, Harbinger and PairGain

Expect the following technology stocks to be among Monday's most actively traded issues: Bell Atlantic, General Instrument, Harbinger and PairGain Technologies.

  • Bell Atlantic Corp. (NYSE: BEL)

    It appears all the rumors are about to finally come to an end as Bell Atlantic confirmed Sunday that it's in talks with Britain's Vodafone AirTouch Ltd. (NYSE: VOD) that could lead to an agreement on a joint U.S. cellular-services business arrangement.

    Bell Atlantic shares closed off 1/16 to 62 1/2 Friday while Vodafone fell 5 1/8 to 194 13/16.

    Its shares peaked at 66 15/16 in July.

  • General Instrument Corp. (NYSE:GIC)

    Motorola Inc. (NYSE: MOT) may buy General Instrument Corp., a cable-television-equipment maker, in an all-stock deal valued at about $10 billion, according to people familiar with the matter cited in Monday's Wall Street Journal.

    Such a deal would unite one of the world's best-known consumer-electronics makers with the cable industry's leading provider of TV set-top boxes. The merger is aimed at positioning the participants for a foothold in the emerging "broadband" market for interactive voice, data and video services.

    General Instrument stockholders would get a little more than half of a Motorola share for each of their common shares of General Instrument. In New York Stock Exchange composite trading Friday, Motorola closed up 1/16 to 98 3/4, and General Instrument ended down 7/16 to 52 1/2 a share.

  • Harbinger Corp. (Nasdaq: HRBC)

    It's going to be a good day for Harbinger shareholders Monday.

    The software developer said it will meet or beat analysts' estimates in its third quarter.

    First Call consensus expects it to earn 9 cents a share in the quarter.

    The stock closed up 1 3/4 to 13 7/8 in heavy trading Friday.

  • PairGain Technologies Inc. (Nasdaq: PAIR)

    PairGain's going to slip Monday after it warned that its third-quarter revenue and earnings will fall "well below" Wall Street's expectations.

    First Call consensus expects the maker of digital subscriber line networking systems to earn 2 cents a share in the quarter.

    The stock actually closed up 2 3/8, or 23 percent, to 12 7/8 Friday after Dain Rauscher Wessels upgraded the stock.

    Nine of the 17 analysts following the stock rate it either a "buy" or "strong buy." >