STOCKS TO WATCH: Evoke, ServiceWare and Yahoo!

The Web conferencing company said it will top analysts’ estimates in its fourth quarter but that it will also slash 112 jobs, roughly 35 percent of its workforce.

It also announced that CFO Terry Kawaja had resigned.

Analysts were expecting Evoke to post a loss of 36 cents a share in the quarter.

The company's new plan will focus on the company's service offerings and the cuts will save the company about $25 million in expenses over the next 12 months, largely impacting second-quarter results, it said.

The stock closed unchanged at $1.75 ahead of the news.

ServiceWare Technologies could be roughed up Wednesday after it warned that it will post a wider-than-expected loss in its fourth quarter.

The Internet software developer said it expects to post sales of $6.2 million in the quarter, down from the $8.4 million it recorded in the third quarter.

It now expects to post a loss of between 27 cents to 29 cents a share in the quarter, well above the First Call Corp. consensus estimate of 10 cents a share.

Its shares closed up 6 cents to $3.44 ahead of the warning.

For the fiscal year, it expects to post sales of $29.2 million, up from $17.7 million in fiscal 1999.

Company officials blamed the shoddy quarter on delays in closing several sales and the restructuring of several key distribution partners.

Last quarter, ServiceWare posted a loss of $2.2 million, or 11 cents a share, on sales of $8.4 million.

Yahoo! will be active ahead of its fourth-quarter earnings report Wednesday.

First Call Corp. consensus expects it to post a profit of 13 cents a share in the quarter though some “whisper” numbers suggest it might actually miss the Street view for the first time in its history.

Fred Moran, an analyst at Jefferies & Co., said he expects Yahoo! to meet the estimate on sales of $313 million, a 54 percent jump from the year-ago quarter. He maintains a “buy” rating on the stock and long-term price target of $45 a share.

“We believe Yahoo! should deliver decent fourth quarter results, although any upside to results has been diminished by a challenging macro advertising environment, exacerbated by the evaporation of dot-com advertising,” he said in a research report.

Analysts on average are predicting fourth-quarter sales of $315 million in the quarter with gross profit margins somewhere between 85 percent to 87 percent.

Last quarter, Yahoo! topped analysts’ estimates when it posted a profit of $81.1 million, or 13 cents a share, on sales of $295.5 million.