STOCKS TO WATCH: Terra, CA, Lycos, Brocade
Computer Associates (NYSE: CA)
The business software vendor met estimates in the fourth quarter. CA reported fiscal fourth quarter net income of $551 million, or $1.13 per share, not counting one-time charges. That was in line with First Call consensus, and on target with CA's preannouncement last week.
Brocade Communications Systems (Nasdaq: BRCD)
The largest vendor of switches for fibre channel storage networks hurdled analyst forecasts in the second quarter. Brocade reported fiscal second quarter net income of $13.3 million, or 11 cents per share. First Call's survey of 15 analysts predicted a profit of 8 cents per share for the quarter ended April 29.
Credence Systems Corp (Nasdaq: CMOS)
The maker of automated semiconductor-testing equipment said it had net income of $1.26 a share for its second quarter ended April 30, beating the 89-cent average estimate from by First Call. Credence closed up 1 5/8 to 135 Monday.
Lycos (Nasdaq: LCOS) and Terra Networks (Nasdaq: TRRA)
A merger agreement valued at more than $10 billion could be announced by the two companies as early as Tuesday afternoon, sources familiar with the situation told Reuters.
A deal would bring together Terra's nearly two million mostly Spanish and Portuguese-speaking subscribers and Lycos' online programming, creating one of the world's four biggest Internet companies.
Quantum Effect Devices Inc. (Nasdaq: QEDI)
The maker of embedded microprocessors said its Chief Financial Officer, Howard Bailey, has resigned for personal reasons. Quantum rose 7/8 to 60 7/8 before Monday's close.>