Expect the following technology stocks to be among Wednesday's most actively traded issues: Cisco, Lernout & Hauspie, Teligent and VoiceStream Wireless.
Cisco Systems will be on the move Wednesday after it topped analysts' estimates in its fourth quarter while posting an impressive revenue growth.
In the quarter, Cisco earned $1.2 billion, or 16 cents a share, on sales of $5.72 billion.
Analysts were expecting a profit of 15 cents a share on sales of around $5.3 billion.
In the year-ago quarter, Cisco earned $710 million, or 10 cents a share, on sales of $3.56 billion.
CEO John Chambers said that sales were balanced across all geographic regions, its product line and across all its lines of business.
"We predicted five years ago that we were in the midst of a second Industrial Revolution that would determine the prosperity of companies, countries and individuals," he said in a statement. "Today, the Internet continues to drive the strongest U.S. economy in history."
Cisco shares closed off 3/4 to 65 1/2 ahead of the earnings report.
The maker of voice recognition software should be interesting to watch Wednesday after it topped analysts' estimates in its second quarter, earning $7.1 million, or 5 cents a share, on sales of $155 million.
First Call Corp. consensus expected it to earn 3 cents a share in the quarter.
Its shares tumbled 7 3/16, or 19 percent, to 29 13/16 after the Wall Street Journal reported it had discrepancies in its sales figures for Korea.
The $155 million in sales marks a 104 percent improvement from the year-ago quarter when it raked in $17 million, or 14 cents a share, on sales of $76 million.
Including special items, Lernout & Hauspie recorded a net loss of $33.7 million, or 26 cents a share, compared with a profit of $9.6 million, or 8 cents, a year earlier.
L&H was busy doing damage control ahead of the earnings report, claiming its Korean customers were misquoted or inaccurate and that other information in the article had been distorted.
Teligent looks to take off Wednesday after it easily beat the Street in its second quarter, losing $164.1 million, or $2.94 a share, on sales of $32.3 million.
First Call Corp. consensus predicted it would lose $3.01 a share in the quarter.
Teligent shares closed off 1 15/16 to 17 9/16 ahead of the earnings report.
The $32.2 million in sales marks a 40 percent improvement from the first quarter and a spectacular 700 percent jump from the year-ago quarter when it lost $123.5 million, or $2.34 a share, on sales of $4 million.
In the quarter, Teligent added 34,110 local lines, bringing the total number of local lines to 87,516. Lines installed for data, Internet and related services rose by 180 percent. Total net line additions were 49,075.
All 14 analysts following the stock maintain either a "buy" or "strong buy" recommendation.
VoiceStream missed analysts' estimates in its second quarter but don't be fooled by that minor setback.
It did lose $419.7 million, or $2.16 a share, but on sales of $453.6 million.
First Call Corp. consensus expected the wireless telephone company to lose $1.62 a share in the quarter.
Its shares closed off 1 15/16 to 122 1/4 ahead of the earnings report.
The operating loss before non-cash items was $61.4 million compared with a loss of $29 million last year.
The $453.6 million in sales marks a stunning improvement from the year-ago quarter when it lost $132.8 million, or $1.39 a share, on sales of $109.1 million.
More impressive, VoiceStream's total subscriber base surged 365 percent from the year-ago quarter to 2.6 million customers.
Total services sales jumped 331 percent from the same period last year to more than $369 million.