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Hot Stocks: Sanmina gains
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December 13, 2000: 6:43 p.m. ET
Verity up on 2Q profit; Bed, Bath & Beyond rises; Aether dips on deal
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NEW YORK (CNNfn) - Shares of Sanmina were rewarded by investors after-hours Wednesday after the company announced a 2-for-1 stock split.
Software provider Verity rose after reporting a better-than-expected second-quarter result. Bed, Bath & Beyond also gained after the specialty retailer met expectations for its fiscal third quarter.
Wednesday's after-hours winners
Sanmina (SANM: Research, Estimates) up $2.38 to $75. The electronic manufacturing services company announced Wednesday that its board approved a 2-for-1 split of the company's common stock.
Verity Inc. (VRTY: Research, Estimates) up $1.88 to $20.44. The company rose in after-hours trading Wednesday after the software provider reported better-than-expected second-quarter profits.
Bed, Bath & Beyond (BBBY: Research, Estimates) up $1.31 to $23. The specialty retailer Bed, Bath & Beyond met earnings estimates for its third quarter on slightly softer-than-expected sales.
Wednesday's after-hours losers
Aether Systems (AETH: Research, Estimates) down $1.37 to $60.13. The wireless services company said it was buying RTS Wireless, which makes software that connects wireless devices to the Internet, for about $26 million and 1.3 million shares of Aether stock.
Wednesday's after-hours newsmakers
Lucent Technologies (LU: Research, Estimates) up 19 cents to $20.13. The stock rose despite reports that Finnish mobile-phone company Nokia (NOK: Research, Estimates) is not keen to buy the U.S. telecommunications-equipment maker.
Philip Morris (MO: Research, Estimates) unchanged at $40.81, R.J. Reynolds (RJR: Research, Estimates) unchanged at $45.94. The cigarette makers, widely seen to benefit from a George W. Bush presidency, rose to 52-week highs in afternoon trading on the news that Al Gore apparently plans to concede the election fight.
(WCOM: Research, Estimates) down 88 cents to $17.31. Intermedia Communications (ICIX: Research, Estimates) up $1.38 to $13.63. A Delaware judge Wednesday refused to block a merger between WorldCom and Intermedia Communications Inc.
Compaq Computer (CPQ: Research, Estimates) up 20 cents to $18.30. The computer maker warned that fourth-quarter earnings and sales would be below expectations.
Nortel Networks (NT: Research, Estimates) unchanged at $36.44. The world's No. 1 supplier of fiber-optic telecom-network equipment fell in afternoon trading on concerns that the company was scrambling to close sales so it could meet its fourth-quarter revenue and profit forecasts.
Razorfish (RAZF: Research, Estimates) up 3 cents to $1.78. The Internet consulting firm warned that it expects to report a fourth-quarter loss of between 17 cents and 22 cents a share, compared with the previously anticipated earnings of 2 cents.
PacifiCare Health Systems Inc. (PHSY: Research, Estimates) unchanged at $12.38. The managed-care provider announced plans Wednesday to reduce staff at its corporate headquarters and regional HMO operations by about 550, or 6 percent of the company's work force.
Whirlpool (WHR: Research, Estimates) unchanged at $41.44. The appliance maker warned that fourth-quarter earnings and sales would be below Wall Street forecasts, and said it would cut up to 6,000 jobs.
Actel (ACTL: Research, Estimates) unchanged at $23.88. The chip maker said its fourth-quarter revenue would fail to meet earlier estimates due to lower-than-expected bookings.
VA Linux (LNUX: Research, Estimates) up 57 cents to $13.38. The software maker possibly benefited from Prudential Securities' rating downgrade of competitor Microsoft (MSFT: Research, Estimates).
Net2Phone (NTOP: Research, Estimates) up 12 cents to $11.81. The company, which makes software that lets users make phone calls from a computer, reported a fiscal first-quarter loss of 25 cents a share, narrower than analysts' consensus forecast of 30 cents.
Applied Materials (AMAT: Research, Estimates) unchanged at $42.69. Merrill Lynch downgraded the chip-equipment company to "near-term neutral" from "near-term accumulate."
International Multifoods (IMC: Research, Estimates) unchanged at $19.19. The largest U.S. distributor of food for vending machines reported third-quarter net income fell short of Wall Street forecasts and warned profits for the full fiscal year would be disappointing.
NaviSite (NAVI: Research, Estimates) unchanged at $3.56. The Web hosting company reported fiscal first-quarter losses per share a penny narrower than expectations, but warned its losses in the second quarter and the full year 2001 will be wider than expected.
Santa Fe International (SDC: Research, Estimates) unchanged at $26.50. The drilling services company trimmed its fourth-quarter earnings forecast by three cents a share, blaming lower-than-expected revenue from seven drilling rigs for the shortfall. 
-- compiled by Mark Gongloff and Parija Bhatnagar from staff and wire reports
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