STOCKS TO WATCH: Inktomi, JDS Uniphase, OpenTV and Resonate

Inktomi should see some heavy action on the heels of its strong third-quarter earnings report.

The Internet software developer posted a profit of $8.8 million, or 7 cents a share, on sales of $78.6 million.

First Call Corp. consensus was looking for 5 cents a share in the quarter.

Its shares closed off 0.81 cents to 83 ahead of the earnings report.

The $78.6 million in sales marks a 190 percent improvement from the year-ago quarter when it lost $6.1 million, or 6 cents a share, on sales of $27.1 million.

For the fiscal year, Inktomi earned $13 million, or 11 cents a share, on sales of $223.5 million compared to a loss of $29.2 million, or 29 cents a share, on sales of $73.5 million in fiscal 1999.

The fiber-optic equipment maker shut up its critics Thursday when it hurdled analysts' estimates in its first quarter and offered an extremely positive outlook.

In the quarter, it made $177 million, or 18 cents a share, on sales of $786 million, 2 cents ahead of the consensus estimate.

Its shares closed up 3.44 to 74.44 ahead of the earnings report but moved up another 11 a share in after-hours trading.

The $786 million in sales marks a 171 percent improvement from the year-ago quarter when it earned $65 million, or 8 cents a share, on sales of $290 million.

OpenTV might take some lumps Friday after it posted a smaller-than-expected loss in its third quarter but warned of a wider-than-expected loss in its fourth quarter.

The interactive television firm lost $3.2 million, or 6 cents a share, on sales of $18.7 million.

First Call Corp. consensus expected it to lose 7 cents a share in the quarter.

Company officials are predicting fourth-quarter sales of between $21 million to $22 million and a loss of between 4 cents to 6 cents a share.

First Call Corp. consensus was expecting a loss of 4 cents a share in the quarter.

OpenTV shares finished up 0.38 to 25.25 ahead of the earnings report.

Resonate should be active after it easily topped analysts' estimates in its third quarter, posting a loss of $6.1 million, or 26 cents a share, on sales of $6.1 million.

First Call Corp. consensus expected the Internet software developer to lose 30 cents a share in the quarter.

Its shares closed up 4.25 to 45.75.

The $6.1 million in sales marks a 112 percent improvement from the year-ago quarter when it lost $3.1 million, or 19 cents a share, on sales of $2.9 million.