Broad News After-Hours: 'Com Continues Good Times, 'Vision Heals Daytime Wounds
It was a good night to be a broad.
Broadcom
undefined
rose 3.5% during the day session, and the good times kept rolling after-hours, with it up 1/8 to 235 3/16.
BroadVision
(BVSN) - Get BroadVision Inc. Report
fell 25% today after the company lost its contract to run
American Airlines'
Web site. BroadVision makes software that helps companies such as
Boeing
,
Circuit City
and
Citigroup
construct Web sites that offer e-commerce transactions, customer service and content management. It tanked after losing the contract to
Art Technology
TheStreet Recommends
(ARTG)
, which has a nicer name.
BroadVision climbed out of its hole as the sun faded. It was lately up 1 11/32 to 41 1/2 on 103,000
Island
shares.
Brio
undefined
had back luck Friday but the abuse began to ease at night. After losing over 57% today it rose 9/64 to 8 5/8 after-hours. This morning the company reported a first-quarter loss of $4.5 million, or 16 cents a share, when analysts expected a profit of 6 cents; last year's loss was only $401,000, or 2 cents a share. The enterprise business intelligence software maker blamed the disappointing performance partly on the $5 million in deals that were delayed on the last day of the quarter. Revenue rose to $33 million in the latest quarter from $27.6 million in the same period a year earlier.
Though
Redback
(RBAK)
popped almost 6%, or 9 3/16 today, the buying enthusiasm waned as the session wound down and turned into moonlight selling. Lack of news failed to support the buying, which eventually ebbed into profit-taking. The phone-equipment manufacturer fell 31/32 to 164 15/32.
American International Petroleum Corporation
(AIPN)
announced tonight its board of directors accepted the resignation of CEO and President, Joe Michael McKinney. The oil and gas company fell 3/32 to 1/2 on Island.
Just before the closing bell
Motorola
(MOT)
announced that it will acquire
Suncoast Scientific
. It settled 1 higher to 33 7/8 on 29,900 Instinet shares. (
TheStreet.com
covered the
story earlier.)
This information is provided by Instinet, a wholly owned subsidiary of Reuters (RTRSY) . For further information, please contact Instinet at www.instinet.com.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EDT.
Confused?
TheStreet.com
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.
