Earnings roundup: Tech industry results a mixed bag

Despite all the uncertainty concerning the continued growth of the technology industry, the latest crop of financial results paints a cautiously encouraging picture. Led by Microsoft Corp., which posted good second quarter results, and IBM Corp., which was ahead of expectations for both its fourth quarter and the full year, most companies were at least in line with Wall Street estimates -- even if some of those estimates had previously been revised downwards. Most companies remain very cautious about their expectation for the rest of the year, however.

-- EBay Inc. bucked the dot-com trend by reporting a fourth-quarter profit that was better than Wall Street analysts had expected.

-- Sun Microsystems Inc. met analysts expectations for its second quarter, posting net income that is 60 percent higher than for the second quarter of 2000.

-- The beleaguered telecommunications equipment industry got a boost as Nortel Networks Corp. confirmed its forecast for 2001 and posted fourth-quarter results that were in line with expectations.

-- Sybase Inc. handily beat earnings forecasts for its fourth quarter and the year, crediting a string of new customer contracts and its expansion from databases into Internet business-related software.

-- Data storage network equipment maker Emulex Corp. far surpassed Wall Street's expectations for its second-quarter earnings. The company also forecast a more robust third quarter than expected.

-- Also topping forecasts was TV set-top box maker Scientific-Atlanta Inc., which more than doubled its profit in its fiscal second quarter, far surpassing estimates.

-- RSA Security Inc. saw strong sales of its security and authentication products during its fourth quarter, edging past expectations.

-- Communications equipment maker Andrew Corp. reported that its first-quarter net income rose 25 percent, in line with Wall Street estimates.

-- Inktomi Corp.'s Q1 results were also in line with lowered forecasts. The company added another note of caution, however, saying that it is expecting losses for the next two quarters due to a slowdown in IT spending.

-- Systems management software maker BMC Software Inc. beat previously-raised estimates with its third-quarter earnings, rebounding after two disappointing quarters.

-- Transmeta Corp. provided a note of gloom by reporting a fourth-quarter loss that was larger than analysts had expected.

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More about BMC Software AustraliaBMC Software AustraliaeBayEmulexIBM AustraliaInktomiMicrosoftNortel NetworksRSA, The Security Division of EMCSun MicrosystemsSybase AustraliaTransmetaWall Street

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