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Stocks to Watch, March 20: Oracle, Williams-Sonoma and GM

By MarketWatch
Published | Updated

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are Oracle Corp., Williams-Sonoma Inc. and General Motors Corp.

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Oracle Corp. (ORCL) is expected to report fourth-quarter earnings of 18 cents a share, according to analysts polled by Thomson First Call.

Phillips-Van Heusen Corp. (PVH) is seen posting a profit of 37 cents a share in its fourth quarter.

Shuffle Master Inc.'s (SHFL) fiscal first-quarter per-share profit is expected to be 21 cents.

Sonic Corp. (SONC) is expected to report earnings of 21 cents a share in its fiscal second quarter.

Williams-Sonoma Inc. (WSM) is seen posting a per-share profit of $1.09 in its fourth quarter.

After Friday's closing bell, General Motors (GM) , Delphi Corp. (DPHIQ) and leaders from the United Auto Workers were reportedly still in talks in hopes of reaching a deal for attrition and contract buyouts of thousands of Delphi employees. See full story.

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Capital Senior Living Corp. (CSU) said it would not be able to file its annual report on time as its independent auditors continued to review its provision for income taxes.

Curis Inc. (CRIS) said it would need to restate its financial results for 2003, 2004 and the first three quarters of 2005 due to the improper recognition of license fee revenue of $2.2 million from Genentech as part of a research collaboration. The company also said it could not be able to file its annual report on time, and was granted an extension to March 31.

Friendly Ice Cream (FRN) reported a fourth-quarter loss of $30.2 million, or $3.82 a share, vs. a loss of $200,000, or 3 cents a share in the year-ago period. Revenue fell 12% to $123.5 million from last year's $139.5 million, amid a 13% drop in restaurant revenue. Comparable-restaurant sales fell declined 1.3% for company-owned restaurants and fell 3.1% for franchised restaurants. See full story.

Genentech Inc. (DNA) issued a new financial forecast, stating that it expects adjusted earnings per share to grow by 40-50% in 2006. See full story.

A group led by billionaire investor Carl Icahn filed notice with the Securities and Exchange Commission that it may "attempt to convince other stockholders to oppose the merger" between Lexar Media Inc. (LEXR) and Micron Technology Inc. (MU) . Last week Micron, the biggest U.S. maker of computer-memory chips, said it had agreed to acquire Lexar for about $690 million. The Icahn group told the SEC it is studying whether the merger deal represents Lexar's full value.

Mobile Mini Inc. (MINI) said it offered 4 million shares of common stock for sale to the public. The provider of portable storage units said it also granted the underwriters of the offering options to buy up to an additional 600,000 shares to cover over-allotments. The company plans to use the expected proceeds of $57.5 million to pay down debt.

Noble Corp. (NE) said Chief Financial Officer Bruce Busmire has resigned and will be temporarily replaced by a former top finance executive until a successor is named. See full story.

Power Integrations (POWI) said it received notice that it may be de-listed from the Nasdaq National Market as the power conversion integrated circuit maker failed to file its 2005 annual report on time. The company had said earlier in the week that the annual report would be delayed while an internal probe into stock-option grants was being completed.

Value Line Inc. (VALU) reported fiscal third-quarter earnings of $6.7 million, or 67 cents a share, up from $4.7 million, or 46 cents a share in year-earlier period. Revenue rose to $21.6 million from $21.1 million.

ViroPharma's its lead drug Vancocin could be facing generic competition sooner than expected. See full story.

William Lyon Homes' (WLS) chief executive said he's seeking to buy the builder's outstanding stock. CEO William Lyon is offering $93 a share for all shares outstanding, the company said. His offer expires April 13. See full story.