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Tech Industry

STOCKS TO WATCH:, 24/7 Media and Qualcomm

Expect the following technology stocks to be among Wednesday's most actively traded issues:, 24/7 Media and Qualcomm.

  • Inc. (Nasdaq: FATB)

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

  • 24/7 Media Inc. (Nasdaq: TFSM)

    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.

  • Qualcomm Inc. (Nasdaq: QCOM)

    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.

    Related Links sees better-than-expected 4Q revenue