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STOCKS TO WATCH: Global Crossing, NVIDIA and VoiceStream Wireless

Expect the following technology stocks to be among Thursday's most actively traded issues: Global Crossing, NVIDIA and VoiceStream Wireless.

  • Global Crossing (NYSE: GX)

    Global Crossing should be active Thursday after it beat the Street in its fourth quarter, posting a net loss of $617 million, or 70 cents a share, on sales of $1.54 billion.

    First Call Corp. consensus pegged it for a loss of 89 cents a share in the quarter.

    Ahead of the earnings report, its shares closed off $1.34 to $18.06 before moving up to $19.85 in after-hours trading.

    The $1.54 billion in sales represents a 43 percent improvement from the year-ago quarter when it posted a net loss of $134.2 million, or 17 cents a share, on sales of $1.08 billion.

    Carrier sales jumped 69 percent from the year-ago quarter to $3.11 billion while telecommunications services and data products sales improved 40 percent and 72 percent, respectively.

    Company executives reiterated their fiscal 2001 sales target of between $7.1 billion and $7.3 billion and said current analysts' estimates calling for a loss of 76 cents a share in the first quarter and $3.01 a share in the fiscal year were "reasonable."

  • NVIDIA (Nasdaq: NVDA)

    The graphics chipmaker will be on the move after it topped analysts' estimates in its fourth quarter.

    NVIDIA raked in $31.1 million, or 38 cents a share, on sales of $218.2 million, compared to a profit of 19 cents a share on sales of $128.5 million in the year-ago quarter.

    First Call Corp. consensus pegged it for a profit of 37 cents a share on sales of $215.6 million.

    For the year, it recorded sales of $735.3 million, above the Street view of $731 million.

    The stock moved up to $51 in after-hours trading after closing up $3.25 to $47.69 ahead of the earnings report.

  • VoiceStream Wireless (Nasdaq: VSTR)

    VoiceStream may keep wireless companies from gaining after it missed analysts' estimates in its fourth quarter.

    The company, which is being acquired by Deutsche Telecom AG, posted a net loss of $807 million, or $3.49 a share, on sales of $649.9 million.

    Analysts were projecting a loss of $2.77 a share in the quarter.

    Separately, it announced a deal with AOL-Time Warner (NYSE: AOL) under which it will offer AOL services, including instant messaging, to its customers.

    Its fourth-quarter operating loss before non-cash charges was $273 million, compared with a loss of $46 million a year ago. Operating expenses surged to $1.2 billion, from $261 million a year ago.

    The stock closed off $3.19 to $104.13 ahead of the earnings report.