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Tech Industry

STOCKS TO WATCH: E-Tek Dynamics, Rogue Wave, StarMedia and Terayon

    Expect the following technology stocks to be among Wednesday's most actively traded issues: E-Tek Dynamics, Rogue Wave, StarMedia and Terayon.

  • E-Tek Dynamics Inc. (Nasdaq: ETEK)

    E-Tek should be rewarded Wednesday after it beat Street estimates in its third quarter.

    The maker of components for optical networks pocketed $17.3 million, or 24 cents a share, excluding goodwill writedowns.

    First Call consensus expected it to earn 21 cents a share in the quarter.

    Including amortization, E-Tek earned $12.1 million, or 17 cents per share.

    Third quarter revenue rose to $90.6 million, up 83 percent from $49.5 million in the year ago period.

    Tuesday's announcement could mark the last quarterly report from E-Tek. The company currently expects its pending sale to rival JDS Uniphase (Nasdaq: JDSU) to be concluded in the second quarter of calendar 2000.

  • Rogue Wave Software Inc. (Nasdaq: RWAV)

    Two ways to look at Rogue Wave's second-quarter results:

    It did post a smaller-than-expected loss, losing $112,000, or 1 cent a share, on sales of $13 million.

    But that $13 million was only up 3 percent from the year-ago quarter.

    Ahead of the earnings report, Rogue shares closed off 3/4 to 6 3/4.

    Last quarter, Rogue Wave posted a loss of $507,000, or 5 cents a share, on sales of $12.6 million.

    First Call consensus expects it to lose 3 cents a share in the fiscal year.

    Rogue Wave shares hit a 52-week high of 12 7/8 in February after falling to a low of 4 3/8 in November.

    All three analysts following the Boulder, Colo.-based company maintain a "hold" recommendation.

  • StarMedia Network Inc. (Nasdaq: STRM)

    Bet on StarMedia to snap out of its malaise of late after topping analysts' estimates in its first quarter Tuesday.

    The Spanish- and Portuguese-language Internet portal posted a loss of $35.1 million, or 54 cents a share, on sales of $10.1 million.

    Analysts expected it to lose 64 cents a share in the quarter.

    Its shares closed up 1/2 to 25 1/2 ahead of the earnings announcement.

    The $10.1 million in sales marks a staggering 531 percent improvement from the year-ago quarter when it lost $15.6 million, or 35 cents a share, on sales of $1.6 million.

    More important, however, was the company's impressive growth in page views for the quarter.

    Total page views shot up to 2.1 billion in the quarter, a stunning 1,492 percent improvement from the year-ago quarter and a 28 percent jump from the fourth quarter.

    Company officials said it exited the quarter with 3.3 million active e-mail accounts, up 670 percent from the year-ago quarter and 32 percent higher than the previous quarter.

    StarMedia shares hit the skids last week, falling to a 52-week low of 21 after peaking at 70 in June.

    First Call consensus expects it to lose $2.36 a share in the fiscal year.

    Eight of the nine analysts tracking the stock maintain either a "buy" or "strong buy" recommendation.

  • Terayon Communication Systems Inc. (Nasdaq: TERN)

    One of the hottest broadband stocks around of late, Terayon figures to climb even higher Wednesday after it handily topped Street estimates in its first quarter.

    Terayon earned $1.9 million, or 6 cents a share, on sales of $59.3 million, well above the consensus estimate of 4 cents a share.

    Its shares closed off 4 3/4 to 162 3/4 ahead of the announcement.

    In the year-ago quarter, it lost $4.3 million, or 23 cents a share, on sales of $15.8 million.

    Seven of the eight analysts following the stock maintain either a "buy" or "strong buy" recommendation.