Among the high-tech firms closing their books for the quarter included industry stalwarts like Sun Microsystems, Digital Equipment, and Bay Networks, as well as cutting-edge Internet companies like @Home and Excite that are seeing their stocks surge even though they are still struggling for profitability.
Bay misses revised estimates|
Even after lowering Wall Street expectations last month, Bay Networks announced third-quarter results that came in well below revised estimates.
@Home users nearly double
The cable Net service lost money in the first quarter but nearly doubles its subscriber base.
Excite traffic pumps revenue
The search firm narrows its first-quarter net losses and increases revenue by 206 percent from the like quarter a year ago.
Sun profits, revenues up
Sun Microsystems posts a jump in third-quarter profits and a 12
percent increase in revenues, fueled by sales of its new low-end
Digital revenue down
Digital Equipment reports a drop in revenue due to a strong U.S. dollar.
Sprint net earnings fall
Sprint says its first-quarter long distance revenues rose 9 percent from last year to $2.37 billion, with minutes of use jumping 11 percent.
TI revenues drop
However, revenue and orders for DSPS increase from the same period a year ago, driven by record orders for wireless communications.