The Night Watch: Intel Ticks Lower After Offering Forecast

Intel (INTC Quote), not surprisingly, was the volume leader in extra-session Instinet trading as details began to emerge from the company's midquarter update.

The chip giant was ticking down 0.4% to $32.85 after the company forecast first-quarter revenue of $6.6 billion to $6.9 billion, eliminating both the high and low ends of its previous estimates. In regular Nasdaq trading, Intel tacked on 2 cents to $32.98.

Sun Micro (SUNW Quote), as usual, was among the volume leaders, but on Thursday the company actually had news. On a conference call with analysts, the company said it still expects revenue in the current quarter to rise sequentially, but Sun executives again indicated that orders could come in too late in the quarter to be counted toward the top line. The stock was up 4.1% to $9.19. ...