Expect the following technology stocks to be among Wednesday's most actively traded issues: BMC Software, eBay, JDS Uniphase, PeopleSoft and Quantum HDD.
BMC should finally get a push Wednesday after it beat analysts' estimates in its fourth quarter, earning $123.2 million, or 49 cents a share, on sales of $476.4 million.
First Call Corp. consensus predicted the business software developer would earn 47 cents a share in the quarter.
Including one-time charges and gains, it earned $98 million, or 39 cents a share, compared with $100.4 million, or 40 cents a share in the year-ago period.
It also announced it will buy back $500 million stock on the open market from time to time, depending upon market conditions.
Its shares closed up 2 7/8 to 40 13/16 ahead of the earnings report.
The vast majority of Internet stocks might not be the best investments in the world these days, but eBay appears to be one company investors can count on.
eBay rolled past Street estimates in its first quarter, raking in $8 million, or 6 cents a share, on sales of $85.8 million. It also set a 2-for-1 stock split.
First Call Corp. consensus predicted the online auctioneer would earn 3 cents a share in the quarter.
Its shares closed up 11 11/16, or 8 cents a share, to 153 9/16.
The $85.8 million in sales marks a 100 percent jump from the year-ago quarter when it made $4.8 million, or 4 cents a share, on sales of $42.8 million.
A survey of analysts by First Call Corp. predicted first-quarter sales of about $80 million.
In the quarter, eBay posted online sales of $77.3 million, up 127 percent from the $34 million it recorded in the year-ago quarter. It sold more than $1.15 billion in merchandise in the quarter, up 113 percent from the same time last year.
JDS Uniphase should be on the rise Wednesday after it skipped past analysts' estimates in its third quarter, earning $85.8 million, or 11 cents a share, on sales of $394.6 million.
Its shares closed up 12 9/16, or 16 percent, to 92 7/8.
First Call Corp. consensus expected it to earn 10 cents a share in the quarter.
The $394.6 million in sales marks a 155 percent improvement from the year-ago quarter when it earned $65.7 million, or 9 cents a share, on sales of $154.9 million.
Including merger-related and purchased intangibles amortization charges, JDS Uniphase reported a loss of $240.9 million, or 32 cents a share, in the quarter.
PeopleSoft might get some mileage out of its earnings report Wednesday.
It topped analysts' estimates in its first quarter, earning $11 million, or 4 cents a share, on sales of $375.4 million.
A survey of analysts by First Call Corp. expected the software developer to earn 2 cents a share in the quarter.
Ahead of the earning report, PeopleSoft shares closed up 1 to 14 13/16.
In the year-ago quarter, it earned $7.9 million, or 3 cents a share, on sales of $350.1 million.
Licensing revenue jumped to $90.2 million in the quarter. Services revenue improved a modest 4 percent to $262.1 million and international sales improved 17 percent to $83.2 million.
Quantum HDD posted strong earnings in its fourth quarter, earning $17 million, or 20 cents a share, on sales of $902 million.
Analysts were expecting a profit of 4 cents a share in the quarter.
Ahead of the earnings report, the disk-drive manufacturer's stock closed up 7/8 to 11 1/4.
In the year-ago quarter, Quantum HDD lost $1.1 million, or 1 cent a share, on sales of $918.6 million.
"Our improved performance was the result of two key factors," said CEO John Gannon in a prepared release. "One was our operational execution within the business, including the continued strong market acceptance of our Fireball platform for the desktop and our Atlas platform for servers and workstations. The second was a better than expected desktop pricing environment. As a result, gross margins were 14.7 percent, the highest they have been in several years."
In the quarter, the company shipped 8.6 million disk drives.