Expect the following technology stocks to be among Monday's most actively traded issues: Cymer, eBay and J.D. Edwards. Cymer (NYSE: CYMI)
Cymer shares could be in for a rough day Monday after warning late Friday that it will miss analysts' estimates in its first quarter and for fiscal 2001.
Cymer, which manufactures excimer light sources used in semiconductors, said it expects its first-quarter sales fall 8 percent to 10 percent from the fourth quarter and that its fiscal 2001 sales will be 5 percent to 10 percent off from fiscal 2000 levels.
Its shares closed off 6 cents to $22.13 Friday.
"We find ourselves in a rapidly changing environment," said CEO Bob Akins in a prepared release. "Fab utilization rates have fallen to the 70 percent range and are likely to decline further, and semiconductor manufacturers continue to announce reduced capital spending plans."
The company expects further sequential quarterly declines in revenue and income before the company sees a return to quarterly growth. eBay (Nasdaq: EBAY)
eBay should be worth watching Monday after it announced late Friday that it and Bidder's Edge Inc. had settled their legal squabble.
Bidder's Edge agreed to pay eBay an undisclosed amount of money under the out-of-court settlement, the companies said Friday. eBay filed a lawsuit in December 1999 in federal court in San Jose, seeking to stop Bidder's Edge from using an automated search software, called robots, to comb for listings on eBay's Web site.
Bidder's Edge, based in Burlington, Mass., had deployed robots to eBay and other sites to help Internet users view all auction listings at once.
eBay claimed Bidder's Edge was trespassing on its site and creating a strain on its servers. Bidder's Edge argued eBay was a public site because it doesn't require passwords and therefore shouldn't restrict visitors, human or robots.
eBay shares finished up 19 cents to $37.69 Friday. J.D. Edwards (Nasdaq: JDEC)
The business software developer will be active Monday ahead of its first-quarter results after it issued a profit warning earlier in the quarter.
First Call Corp. consensus now expects the business software developer to lose a penny a share on sales of $233.6 million.
J.D. Edwards beat the Street in its fourth quarter when it earned $12.3 million, or 11 cents a share, on sales of $277.6 million.
Its shares closed unchanged at $10.06 Friday.
Reuters contributed to this report.>