Tech Industry

STOCKS TO WATCH: CrossKeys Systems, Siebel Systems and Solectron

Expect the following technology stocks to be among Tuesday's most actively traded issues: CrossKeys Systems, Siebel Systems and Solectron.

  • PRI Automation (Nasdaq: PRIA) Shares of PRI Automation should be on the move after the company warned it would miss analysts' forecasts by a wide margin in the fiscal fourth quarter.

    The maker of automation systems and software for chip manufacturing said earnings would be slightly above breakeven for the quarter ended Sept. 30. First Call consensus was for a 52 cent per share profit.

    PRI forecast revenues of about $84 million for the September quarter. The company blamed the shortfall on its inability to produce the latest TurboStocker product, which stores and retrieves chip wafer carriers. TurboStocker was supposed to reach high volume production in the fourth quarter.

    But demand for PRI's systems remains strong,CEO Mitch Tyson said. The company expects revenue growth of 40 percent in fiscal 2001.

  • CrossKeys Systems (Nasdaq: CKEY)

    CrossKeys Systems will be worth watching after it warned of disappointing sales and earnings in its first quarter.

    Company officials said it had failed to close two significant sales in the quarter.

    CrossKeys said it expects to report a net loss of 34 Canadian cents to 37 Canadian cents per share, including one-time charges. Excluding those charges, the company expects a loss of 21 Canadian cents to 24 Canadian cents per share.

    Its shares closed off 7/8 to 10 1/8 Monday.

  • Siebel Systems (Nasdaq: SEBL)

    Siebel announced after the bell Monday that it will buy Janna Systems for about $975 million in stock.

    "The acquisition of Janna further strengthens and underscores our commitment to deliver the market-leading solution for the financial services industry," Seibel vice president David Schmaier said in a prepared release.

    Its shares ended off 5 3/16 to 88 3/8.

  • Solectron (NYSE: SLR)

    Solectron topped analysts' estimates in its fourth quarter Monday, earning $171 million, or 27 cents a share.

    First Call Corp. consensus expected it to earn 26 cents a share.

    The stock closed off 2/12 to 46.

    Reuters contributed to this report. >