Expect the following technology stocks to be among Tuesday's most actively traded issues: CompUSA, Intel and Portal Software.
CompUSA topped watered down estimates in its fourth quarter Monday, losing $14.9 million, or 16 cents a share.
Company officials said will cut 1,800 workers to "improve customer service."
But it all just seems to be a little too late. CompUSA may be too bulky and bureaucratic in the real world and too slow to go online. And CompUSA's comparable store sales for the fourth quarter were up a dreadful 1 percent.
CompUSA shares closed off 1/2 to 6 11/16.
Intel Architecture Development Co. Ltd., an Intel company, said on Tuesday it had signed a memorandum of understanding with GuangZhou Favor Telecom Co Ltd to promote Internet development in southern China.
The cooperation between the two companies would focus on web hosting, web content and system integration service areas, it said in a statement.
GuangZhou Favor Telecom belongs to the Guangzhou Telecom Bureau. It provides telecoms and system integration services to government and enterprise users.
Intel shares closed off 3/4 to 82 1/4.
Portal Software Inc. (Nasdaq: PRSF)
Portal Software registered Monday with the U.S. Securities and Exchange Commission for a secondary offering of up to 5 million common shares.
Of the stock being sold, 2 million shares are being offered by the company and 3 million by selling stockholders, the company said in a statement.
The company has granted the underwriters an option to purchase up to 750,000 shares for over-allotments. Managing underwriters are Goldman, Sachs & Co, BancBoston Robertson Stephens Inc, Credit Suisse First Boston Corp, Donaldson, Lufkin & Jenrette Securities Corp and Hambrecht & Quist Llc.
Portal develops and sells real-time Internet business software for providers of Internet-based services. It completed its initial public offering of stock in May of this year.