STOCKS TO WATCH: Compaq, Lexmark, Silicon Graphics

2 min read

Expect the following technology stocks to be among Monday's most actively traded issues: Compaq, Deutsche Telekom, Lexmark and Silicon Graphics.

  • Compaq (NYSE: CPQ)

    The PC maker will be active ahead of its first-quarter earnings report.

    First Call consensus expects it to earn 13 cents a share on sales of $9.1 billion.

    In the year-ago quarter, it pocketed $325 million, or 19 cents a share, on sales of $9.51 billion.

    Its shares finished off 34 cents to $21.51 Friday.

  • Deutsche Telekom (NYSE: DT)

    Deutsche Telekom shares will be active Monday following Friday's announcement that telecommunications services firm World Access (Nasdaq: WAXS) had filed a lawsuit against it, alleging the telecom giant violated German antitrust laws.

    World Access claims Deutsche Telekom inflicted more than $600 million in damages on World Access when it discontinued interconnection services to TelDaFax AG, a company in which World Access holds a 33 percent ownership stake.

    Deutsche Telekom was ordered earlier this week by a court in Cologne, Germany, to reconnect TelDaFax. TelDaFax, in turn, was ordered to transfer 5 million marks to a trustee account and pay 5 million marks per week to Deutsche Telekom to maintain its connection to the network.

    Deutsche Telekom shares closed off 41 cents to $26.35 Friday.

  • Lexmark (NYSE: LXK)

    Lexmark, the maker of computer printers and related supplies which in October set a restructuring, said first-quarter net income was $79.7 million, or 60 cents per share, compared with $80.2 million, or 59 cents per share last year.

    Analysts surveyed by First Call expected a profit of between 57 cents to 60 cents a share, with a consensus estimate of 58 cents. First-quarter revenue was $999 million, up 12 percent from $891.7 million in the same period of 2000.

  • Silicon Graphics (NYSE: SGI)

    SGI shares will be on the move Monday after the maker of computer workstations posted a wider-than-expected loss in its third quarter and announced it would lay off 1,000 workers, or roughly 15 percent of its work force.

    In the quarter, SGI lost $141 million, or 74 cents a share, on sales of $509 million.

    Analysts were anticipating a loss of 25 cents a share.

    In the year-ago quarter, it dropped $18.1 million, or 10 cents a share, on sales of $563 million.

    The job cuts affecting full-time and temporary employees will take place before the end of June.

    SGI shares finished off 99 cents to $3.01 Friday.

    Reuters contributed to this report.>