X

STOCKS TO WATCH: Jupiter Communications, Netpliance and Theglobe.com

2 min read

Expect the following technology stocks to be among Friday's most actively traded issues: Jupiter Communications, Netpliance and Theglobe.com.

  • Jupiter Communications (Nasdaq: JPTR)

    Jupiter should gain ground Friday after it posted a surprise profit in its second quarter, pocketing $1.6 million, or 11 cents a share, on sales of $25.7 million.

    First Call Corp. consensus expected it to lose 7 cents a share in the quarter.

    Jupiter shares closed off 1 1/2 to 25 1/2 ahead of the earnings report.

    The $25.7 million in sales represents a 207 percent jump from the year-ago quarter when it earned $199,000, or 2 cents a share, on sales of $8.4 million.

    Including a variety of one-time charges, Jupiter posted a net loss of $227,000, or 1 cent a share.

    In June, Jupiter announced it would merge with Media Metrix (Nasdaq: MMXI) in a $414 million stock deal that will create a one-stop Internet research and statistics shop.

    Its shares moved up to a 52-week high of 47 3/8 in November before tumbling to a low of 16 5/8 in May.

  • Netpliance (Nasdaq: NPLI)

    Keep an eye on Netpliance shares Friday after it posted a smaller-than-expected loss in its second quarter, losing $40.9 million, or 68 cents a share, on sales of $2.9 million.

    A survey of analysts by First Call Corp. predicted it would lose 71 cents a share in the quarter.

    Netpliance shares fell 3/16 to 7 1/2 ahead of the earnings report.

    In the first quarter, Netpliance posted a loss of 69 cents a share on sales of $1.3 million.

    Company officials said its i-opener service membership jumped to more than 44,000 in the quarter, more than double that at the close of the first quarter.

  • Theglobe.com (Nasdaq: TGLO)

    Investors should have fun digesting Theglobe.com's latest earnings report.

    It did post a wider loss than the year before but not as big of a loss as the lone analyst following the stock had predicted.

    The online community network reported a second quarter loss of $10.2 million, or 33 cents a share, excluding amortization and a one-time restructuring charge.

    Although First Call has no published consensus estimate for Theglobe.com, Wit Capital analyst Jordan Rohan last month predicted a loss of 39 cents a share for the quarter ended June 30.

    Shares of Theglobe.com traded at 1 3/4 in after-hours activity on the Island electronic communications network, immediately following the quarterly report. The stock closed Thursday's regular trading at 1 5/8, up 1/16 for the session.

    Second quarter pro forma losses widened from the comparable period a year earlier, when Theglobe.com reported a pro forma loss of $6.7 million, or 27 cents a share. Company losses also grew from the first quarter, when Theglobe.com lost $8.9 million, or 31 cents a share.