Expect the following technology stocks to be among Monday's most actively traded issues: American Management Systems, Autobytel.com and Net2Phone. American Management Systems (Nasdaq: AMSY)
The information technology consulting firm should drift lower Monday after announcing that sales and earnings in the second half of the year will be lower than expected.
Its shares fell $3.31 a share to $14.94 in after-hours trading Friday.
Company officials said they now expect earnings between 28 cents to 33 cents a share in the third quarter, well below the First Call Corp. estimates of 47 cents a share.
Earnings for the full year are expected to be $1.45 to $1.50 a share.
According to a company statement, clients are beginning to move forward with e-business integration products, and the company expects accelerating revenue at the beginning of the fiscal year. Autobytel.com (Nasdaq: ABTL)
Autobytel.com shares will be active Monday after the stock jumped 74 cents to $5.62 in after-hours trading Friday following its rosy outlook for the third quarter.
The online car dealer said it expects to post a smaller-than-expected loss in its third quarter.
First Call Corp. consensus was expecting a loss of 31 cents a share in the quarter.
Company officials said they expect revenue growth of 65 percent to 70 percent for the third quarter compared to the same quarter last year.
It will report its results on Oct. 26. Net2Phone (Nasdaq: NTOP)
The Internet telephone service provider will be worth watching after its shares moved up $2.88 a share in after-hours trading Friday on news that it had inked a deal to form a new Internet telephony company with telecom giant Cisco Systems (Nasdaq: CSCO).
Net2Phone shares closed up 1 15/16 to 33 13/16 ahead of the news.
Cisco shares were down to 62 3/8 in after-hours trading after closing the regular session at 62 3/4.
Reuters contributed to this report.>