Stocks to Watch: Biosite Jumps, Overland Data Dives

Also, Calpine gains ground, but JDA Software tumbles.
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Winners

Avaya

(AV)

, a maker of voice and data networks, was rising 13% to $6.34 after beating lowered expectations for the fiscal second quarter and forecasting modest earnings and revenue growth for the current quarter. Second-quarter revenue dropped 31% from the year-ago period to around $1.3 billion.

Biosite

(BSTE)

, a developer of diagnostic tests, earned 16 cents a share in the latest first quarter, excluding certain items. Analysts were looking for earnings of 12 cents. The company also raised its revenue growth forecast for 2002, and shares of Biosite rose 28% to $29.42.

Calpine

(CPN)

was gaining 9% to $12.96 as a result of the company's successful restructuring of its long-term power contracts with the California Department of Water Resources.

FindWhat.com

(FWHT)

was climbing 20% to $5.56 following its latest quarterly report. The company earned 10 cents a share in the latest first quarter and raised its earnings and revenue guidance for the full year. FindWhat.com operates a search engine that is a performance-based advertising vehicle, because its advertisers only pay for an Internet user who clicks through to their sites.

Business software maker

Infinium

(INFM)

rose 29% to $6.70 a day after posting second-quarter earnings of 25 cents a share. Revenue totaled $16.5 million, up from $16.3 million for the first quarter, but down from $18.9 million in the prior-year period.

Pre-Paid Legal Services

(PPD)

was up 17% to $29.75 after the company reported first-quarter earnings of 43 cents a share, up from 35 cents in the same period a year ago. The company, which markets legal service plans, said membership revenue increased 21%.

Losers

Chordiant Software

(CHRD)

fell 19% to $4.81 after the company posted a first-quarter loss, before items, of 6 cents a share. Analysts expected a loss of 7 cents. The stock came under pressure after Chordiant said that even though it should meet its revenue targets for 2002, information technology spending levels remain uncertain.

JDA Software

(JDAS)

beat analysts' first-quarter estimates by a penny, earning 20 cents a share, excluding items. The company also filed with regulators to sell up to $250 million of stock. Shares of JDA were falling 11% to $30.53.

Lattice Semiconductor

(LSCC) - Get Report

met analysts' expectations with earnings of 4 cents a share, before items, in the first quarter, but the company said revenue in the next quarter would be flat. The stock traded down 18% to $13.57.

Lincoln National

(LNC) - Get Report

, the parent company of the Lincoln Financial Group, earned 84 cents a share, excluding certain items, in the first quarter, falling short of estimates by 9 cents. The company projected earnings of $3.70 to $4 a share for the full year, while analysts are looking for $3.96. The stock was down 7% to $47.85.

MIM Corp.

(MIMS)

, a pharmaceutical healthcare organization, earned 22 cents in the first quarter, topping estimates by a penny, but investors weren't happy with the report, sending the stock lower by more than 17% to $18.51.

Overland Data

(OVRL)

, a data storage systems maker, was off 22% to $8.85 after the company lowered its guidance for the fourth quarter. The company reported third-quarter earnings of 18 cents a share, 2 cents ahead of estimates, but warned that a variety of factors will likely produce a fourth-quarter profit of 5 cents to 7 cents a share. Analysts are looking for earnings of 20 cents.