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Hot Stocks: Net2Phone
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December 12, 2000: 7:48 p.m. ET
Radisys slips lower on warning; Compaq down; Razorfish falls
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NEW YORK (CNNfn) - Shares of Net2Phone gained strength in after-hours trading Tuesday after the company reported a narrower-than-expected first-quarter loss.
Radisys Corp. led the list of losers after investors punished the designer of high-performance embedded computer systems after it warned of revenue shortfalls in its fiscal fourth quarter.
Compaq slipped lower after the world's largest PC supplier warned it will miss fourth-quarter profit targets.
Internet consulting firm Razorfish was hurt after warning of lower-than-expected revenue in the fourth quarter.
Tuesday's after-hours winners
Net2Phone (NTOP: Research, Estimates) up $2.94 to $12.69. The company on Tuesday reported a net loss before non-cash compensation expense for issuance of stock options, amortization related to the acquisition of Aplio, and other income for the first quarter of 25 cents a share, as compared to a net loss 29 cents a share in the prior quarter. Analysts polled by earnings tracker First Call/Thompson had forecast a loss of 30 cents a share.
Tuesday's after-hours losers
RadiSys Corp. (RSYS: Research, Estimates) down $5.94 to $22.25. The designer of high-performance embedded computer systems warned Tuesday that its revenue and earnings for the fourth quarter of this year and first quarter of next year will fall short due to slow demand from its customers.
Razorfish (RAZF: Research, Estimates) down 91 cents to $2.19. The Internet consulting firm warned on Tuesday it will post lower-than-anticipated revenue and losses in the fourth quarter due to less money flowing into technology firms amid adverse macroeconomic conditions.
Tuesday's after-hours newsmakers
Engage (ENGA: Research, Estimates) down 47 cents to $1.50. The marketing software company on Tuesday reported its revenue increased slightly but first-quarter losses widened, as continued weakness in online advertising and various acquisitions hurt the company's bottom line.
Compaq (CPQ: Research, Estimates) down 57 cents to $20.20. The world's largest PC supplier added its name to the list Tuesday of technology companies that will not meet their fourth-quarter sales and profit targets.
JDS Uniphase (JDSU: Research, Estimates) up 81 cents $67.19. U.S. antitrust authorities are expected to give the green light soon to fiber-optics firm JDS Uniphase's $25.4 billion acquisition of SDL (SDLI: Research, Estimates), but approval is expected to come with conditions, analysts said late Monday.
Lucent Technologies (LU: Research, Estimates) down 31 cents to $18.38. Shares of the world's largest telecommunications equipment maker jumped on market rumors of a takeover attempt by Nokia (NOK: Research, Estimates) and optimism about Lucent's plan to spin off its microelectronics unit.
Triquint Semiconductor (TQNT: Research, Estimates) up 19 cents to $49.50. Credit Suisse First Boston downgraded the chip maker to "hold" from "buy."
Silicon Valley Bancshares (SIVB: Research, Estimates) up 25 cents to $35. Wedbush Morgan downgraded the bank holding company to "long-term attractive" from "buy."
Pegasus Solutions (PEGS: Research, Estimates) unchanged at $7.31. The software maker for the hotel industry revised its earnings estimate for the fourth quarter of 2000 to a range between 7 cents and 9 cents a share, well below consensus expectations of 19 cents a share.
DoubleClick (DCLK: Research, Estimates) unchanged at $13.88. The Internet advertising firm gained despite warning of a break-even or money-losing fourth quarter, rather than the slightly profitable one previously expected.
Maxim Pharmaceuticals (MAXM: Research, Estimates) up 62 cents to $17.38. An FDA panel will review Maxim's experimental skin-cancer drug Maxamine Wednesday.
Data Return (DRTN: Research, Estimates) down 12 cents to $7.63. The Web-hosting company announced the opening of a Canadian sales office.
Yahoo! (YHOO: Research, Estimates) down 9 cents to $35.75. The Internet portal will distribute content from ABCNEWS.com, part of the Walt Disney Internet Group (DIG: Research, Estimates).
PSINet (PSIX: Research, Estimates) unchanged at $1.62. As of December, the point-of-sale network of PSINet Transaction Solutions, a subsidiary of Web-hosting firm PSINet, will carry 30 million more monthly transactions to Alliance Data Systems.
Eastman Kodak (EK: Research, Estimates) unchanged at $41.06. The maker of film and other photographic equipment rose despite warning that a slowdown in consumer spending will leave fourth-quarter earnings below estimates.
M.S. Carriers (MSCA: Research, Estimates) up 69 cents to $29.19. Swift Transportation (SWFT: Research, Estimates) will buy the trucking company for about $34.32 a share.
Best Buy (BBY: Research, Estimates) unchanged at $25.75. The consumer electronics retailer rose despite reporting a 27 percent decline in fiscal third-quarter earnings, matching Wall Street's lowered expectations, after being hurt by intense price competition. 
--compiled by Mark Gongloff and Parija Bhatnagar from staff and wire reports
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