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Tech Industry

STOCKS TO WATCH: Corel, Intraware and Osicom Technologies

    Expect the following technology stocks to be among Thursday's most actively traded issues: Corel, Intraware and Osicom Technologies.

  • Corel (Nasdaq: CORL)

    Corel posted a smaller-than-expected loss in its first quarter since the departure of founder and CEO Michael Cowpland.

    The Canadian software developer lost $10.7 million, or 15 cents a share, on sales of $36.4 million.

    Analysts were expecting a loss of 28 cents a share in the quarter.

    The $36.4 million in sales marked a 49 percent decline from the year-ago quarter.

    "These numbers are encouraging," said Derek Burney, interim president and CEO, in a prepared release. "They show we’re on the right track."

    Corel shares closed off 0.03 to 3.59 ahead of the earnings report.

  • Intraware (Nasdaq: ITRA)

    Intraware topped analysts' estimates in its second quarter, but still lost $11.6 million, or 44 cents a share, on sales of $32.6 million.

    First Call Corp. consensus pegged the software developer for a loss of 54 cents a share in the quarter.

    Its shares closed off 0.38 to 8.38 ahead of the earnings report.

    The $32.6 million in sales marks a 69 percent improvement from the year-ago quarter when it lost $5.4 million, or 23 cents a share, on sales of $19.3 million.

    In the quarter, online service and technology sales rose to $6.5 million, up 117 percent from the $3 million it recorded in the year-ago quarter.

    Last quarter, Intraware beat the Street estimate when it lost $10.1 million, or 40 cents a share, on sales of $41.5 million.

  • Osicom Technologies (Nasdaq: FIBR)

    Osicom figures to gain ground Thursday after announcing that its board of directors had approved the distribution of a quarter of a share of a recently acquired subsidiary for each Osicom share.

    Osicom, which develops and markets optical networking systems, said it would distribute 0.25 share of storage area networking technology firm Entrada Networks (Nasdaq: ESAN) common stock on Dec. 1 for each share of Osicom held as of Nov. 15.

    Entrada, a publicly traded subsidiary of Osicom, merged with Sync Research Inc. in late August.

    Osicom shares closed off $1.63 to $25.75 ahead of the news.