STOCKS TO WATCH: eBay, Global Telecom and Remedy
Expect the following technology stocks to be among Monday's most actively traded issues: eBay, GST Telecom, Quantum, and Remedy.
Keep an eye on online auctioneer eBay Inc. Monday ahead of its second-quarter earnings report.
First Call consensus expects it to earn 3 cents a share.
Last quarter, it made $5.9 million, or 5 cents a share, on sales of $34 million.
In the year-ago quarter, it earned 2 cents a share.
eBay shares closed off 7/8 to 107 13/16 Friday.
Analysts are looking for sales of around $38 million, roughly 330 percent higher than the $34 million it recorded in the second quarter of 1998.
Its shares peaked at 234 in April after trading at a 52-week low of 8 3/8 in October.
GST Telecommunications Inc. (Nasdaq: GSTX)
GST should get a nice run-up Monday after company officials said Friday it is soliciting offers for its main Hawaii assets.
Among the rumored buyers are AT&T Corp. (NYSE: T) and Sprint Corp. (NYSE: FON).
Its shares closed up 3/4 17 9/16 Friday.
The stock hit a 52-week high of 17 15/16 last week. It fell to a low of 3 5/8 in October.
Eleven of the 12 analysts covering the stock maintain either a "buy" or "strong buy" recommendation.
The No. 2 maker of computer disk drives said its stockholders approved splitting shares into two stocks, one that tracks its hard-drive business and one that follows its more profitable computer-tape and storage business.
Quantum fell 2 1/8 to 24 3/4.
The software developer will report its second-quarter results Monday with First Call consensus looking for a profit of 18 cents a share.
In the year-ago period, it made 16 cents a share.
The stock surged to a high of 29 3/8 earlier this month after bottoming out at 7 11/16 in October.
Seven of the nine analysts following the stock rate it either a "buy" or "strong buy."
Its shares closed up 1/8 to 27 1/4 Friday.>