STOCKS TO WATCH: Fatbrain.com, 24/7 Media and Qualcomm

Fatbrain shares will move higher Wednesday after telling the Street its first-quarter sales will be higher than most analysts' had expected.

The online provider of training manuals and information services said sales will fall somewhere between $13.5 million and $14 million, slightly above the $13.5 million expected by most analysts.

Company officials credited strong growth in its B2B corporate programs for the upside revision.

First Call Corp. predicts it will lose 88 cents a share in the quarter.

Its shares closed up 1/2 to 5 1/4 ahead of the announcement but moved up to 6 1/4 in after-hours trading.

Fatbrain.com competitors include booksellers such as Amazon.com (Nasdaq: AMZN) and Barnesandnoble.com (Nasdaq: BNBN), according to Hoover's Online.

24/7 Media figures to slip Wednesday after Wit SoundView cut the stock from a "strong buy" rating to a "buy" after the bell.

Its shares closed up 3/4 to 15 ahead of the downgrade.

First Call consensus expects it to lose 51 cents a share this quarter.

Fourteen of the 15 analysts tracking the stock maintain either a "buy" or "strong buy" recommendation on the stock.

Its shares peaked at 65 1/4 in January before falling to a low of 12 11/16 earlier this month.

Last year's shining star, Qualcomm shares have been stuck in reverse for most of 2000. Its shares might gain ground Wednesday after receiving a late upgrade from A.G. Edwards.

The brokerage firm raised Qualcomm to a "buy" rating from "accumulate."

Its shares closed up 10 5/16 to 76 3/8 Tuesday.

Analysts are looking for a profit of 27 cents a share this quarter.

After peaking at 200 in December, Qualcomm shares slid into the 60s last week.