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STOCKS TO WATCH: Juno, LSI, Qwest and Taiwan Semiconductor

Expect the following technology stocks to be among Monday's most actively traded issues: Juno, LSI Logic, Qwest Communications and Taiwan Semiconductor.

  • Juno Online (Nasdaq: JWEB)

    Juno Online Services Inc. on Monday is expected to announce a pact to offer high-speed Internet access over Time Warner's broadband network.

    The pact, which was signed last week, will make New York-based Juno the first third-party Internet service provider (ISP) to gain access to Time Warner's cable lines.

    Following hearings on the merger on America Online and Time Warner, Federal Communications Commission Chairman William Kennard said the issue of open access -- or allowing rival services to use Time Warner's broadband pipeline -- was among his chief concerns over the deal, which is expected to close in the autumn.

    While AOL and Time Warner's top brass have repeatedly promised to open up their systems, consumer groups and rivals have criticised them for failing to make good.

  • LSI Logic (NYSE: LSI)

    The chipmaker will see some action Monday after announcing late Friday it will repurchase up to 5 million shares of its stock after watching it slide in the wake of its recent earnings report.

    LSI shares closed off 1 7/16 to 33 1/2 Friday.

    The stock's been pounded in the past two trading after it posted a profit of $98 million, or 29 cents a share, on sales of $644 million.

    Although it did manage to meet the First Call Corp. consensus estimate, analysts were disappointed in its total sales and profits in the quarter.

    "We are optimistic about LSI Logic's outlook and we believe repurchasing shares of our common stock at the present valuation levels is beneficial to our shareholders," said CEO Wilfred Corrigan in a prepared release.

    LSI said it will utilize the repurchased shares in connection with employee stock option programs and for other general corporate purposes.

    The company has about 307 million shares outstanding.

  • Qwest Communications (NYSE: Q)

    Qwest shares will be interesting to watch Monday after Chairman Joseph Nacchio filed to sell 100,000 shares of stock worth in excess of $55 million.

    Nacchi acquired the stock after exercising an option, according to the filing, dated July 21 and released publicly by the SEC on Friday.

    The filing was made a few days after Qwest, the No. 4 U.S. long distance company, said operating profits, excluding costs related to the recent acquisition of U S West Inc., rose to $39.7 million, or 5 cents a share, from $18.5 million, or 2 cents a share, a year ago.

    Qwest shares closed up 2 1/98 to 50 Friday.

  • Taiwan Semiconductor (NYSE: TSM)

    The semiconductor foundry will see additional action Monday ahead of its second quarter earnings report.

    First Call Corp. consensus pegs it for a profit of 16 cents a share.

    Taiwan Semiconductor shares rallied up to a 52-week high of 56 1/4 in February after falling to a low of 17 3/8 in August.

    All six analysts following the stock rate it either a "buy" or "strong buy."

    Reuters contributed to this report.>