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Stocks to Watch: Cisco Beats Earnings Estimates, Sets 2-for-1 Stock Split

Imclone enters vaccine licensing deal With SmithKline Beecham.

Cisco

(CSCO) - Get Report

posted pro forma earnings after yesterday's close of 25 cents a share, a penny ahead of the 34-analyst estimate and up from the year-ago 17 cents. The company also set a 2-for-1 stock split. Cisco cited strength in its end-to-end Internet solutions for each of its key markets. In premarket activity, Cisco shares were trading up at 133 3/8 from yesterday's closing price of 125 13/16.

For more details on Cisco's

TST Recommends

earnings, see a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

Mergers, acquisitions and joint ventures

Imclone Systems

(IMCL)

said it has entered a licensing deal with

SmithKline Beecham

(SBH) - Get Report

that involves a meningitis vaccine.

Microsoft

(MSFT) - Get Report

and

KPMG International

entered a pact to help companies develop e-business. According to KPMG, the consulting service would be called

Microsoft Dot.com practice

and would use Microsoft's Windows 2000, which is set for release next week.

Separately,

European Union

competition chief Mario Monti said it has started a probe into the possibility that Windows 2000 infringes on the EU's antitrust law.

Nokia

(NOK) - Get Report

said it, along with its partners

Hewlett-Packard

(HWP)

and

IBM

(IBM) - Get Report

, would roll out a new way to access e-commerce Web sites with Internet-compatible WAP mobile phones in 2000.

Separately, IBM is set to launch its new Deep Blue computer that contains copper-chip technology.

Portugal Telecom

(PT) - Get Report

denied newspaper reports that it would sell a 10% interest in new Internet division PT Multimedia to Brazil-based

UOL

, calling it "unfounded."

Earnings/revenue reports and previews

(

Earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified.

)

Harrah's Entertainment

(HET)

posted fourth-quarter earnings of 30 cents a share, in line with the 19-analyst estimate and up from the year-ago 24 cents.

Time Warner Telecom

(TWTC)

reported a fourth-quarter loss of 2 cents, narrower than both the four-analyst estimate of a 15-cent loss and the year-ago 30-cent loss.

Offerings and stock actions

BroadVision

(BVSN) - Get Report

said it set a 3-for-1 stock split.

Robertson Stephens

priced a 5 million-share IPO for

Delano

(DTEC) - Get Report

at $18 a share.

Miscellany

eBay

(EBAY) - Get Report

said after yesterday's close that a hacker attack had shut down its site. eBay's problem marked the third "denial of service" attack on a major Web site in just two days. Yesterday afternoon,

Buy.com

(BUYX)

, whose shares were enjoying a trading debut, said a similar type of attack crippled its site for about three hours, while

Yahoo!'s

(YHOO)

was faced on Monday with similar problems, also linked to hacker activity.

Merck

(MRK) - Get Report

will see patents for five of its biggest drugs expire within the next two years, but the company said business will remain in check,

The Wall Street Journal

reported.

For analysis of the market's preopen tone and trends, see the Wake-Up Call, published separately.