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Tech Industry

STOCKS TO WATCH: Acclaim, Mercator Software and Sprint

Expect the following technology stocks to be among Monday's most actively traded issues: Acclaim Entertainment, Mercator Software and Sprint.

  • Acclaim Entertainment (Nasdaq: AKLM)

    Acclaim shares figure to slide Monday after it missed analysts' estimates in its third quarter Friday.

    The software game developer posted a loss of $49.7 million, or 88 cents a share, on sales of $4.8 million.

    First Call Corp. consensus expected it to lose 50 cents a share in the quarter.

    Its shares closed off 1/32 to 1 13/32 ahead of the earnings report.

    In the year-ago quarter, Acclaim lost $99,000 on sales of $80 million.

  • Mercator Software (Nasdaq: MCTR)

    Mercator Software will take its lumps Monday after warning late Friday that it will miss analysts' estimates in its second quarter.

    Company officials said a "significant" increase in expenses will result in earnings slightly below the First Call Corp. consensus estimate of 4 cents a share.

    However, revenue will actually come in higher than expected.

    Mercator shares closed off 2 5/16 to 62 5/8 Friday.

  • Sprint (NYSE: FON)

    Sprint will be active Monday after announcing plans to sell its 25 percent stake in Brazilian long-distance carrier Intelig.

    "The process is already so advanced and we are going to continue with the sale,'' Sprint spokesman James Fisher told Reuters on Friday.

    The pull-out will come even though Sprint and telecom powerhouse WorldCom Inc. (Nasdaq: WCOM) cancelled their $120 billion merger plan.

    Sprint was ordered in January to withdraw from Intelig because WorldCom controls its Brazilian rival Embratel and competition could have been impeded by the merger of the two companies.

    Its shares ended up 2 to 50 Friday.

    Reuters contributed to this report.>