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Dell Slips After Hours on In-Line Earnings Report

And you thought earnings season was over.

Shares of


(DELL) - Get Free Report

dropped by as much as 2 11/16 to 41 3/8 in after-hours trading following the PC maker's first-quarter earnings report, which was in line with the 31-analyst

First Call

outlook for 16 cents a share. Dell earned 11 cents in the year-ago period.

Applied Materials

(AMAT) - Get Free Report

, meanwhile, lifted as high as 65 1/2 in after-hours trading from a close of 63 1/8. The semiconductor equipment maker posted second-quarter earnings of 36 cents a share, topping the 25-analyst view of 27 cents but falling below the year-ago 37 cents.




picked up 2 9/16 to 115 1/2 in late trading after announcing a 2-for-1 stock split and a narrower-than-expected loss for its third quarter. The Internet media network recorded a quarter loss of 2 cents a share before goodwill amortization, a penny narrower than the 19-analyst forecast and narrower than the year-ago loss of 11 cents.

Earlier today, the company said it was acquiring a stake in online auction company


. Lycos will have auctions on its sites in "a matter of months, not quarters," said Vice President Ron Sege.

Chicago Board of Trade

directors voted to pursue a new alliance with Europe's electronic


futures exchange just four months after the CBOT defeated a previous plan to link the futures exchanges.

In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

AMC Entertainment


posted a fourth-quarter loss of 82 cents a share, including a 13-cent charge for impairment of long-lived assets. The 12-analyst estimate called for an operating loss of 62 cents vs. the year-ago loss of 25 cents.

Hillenbrand Industries


said it sees second-quarter earnings falling about 12 cents a share below the five-analyst forecast for 71 cents due to performance at its


health care products unit. The company made 66 cents in the year-earlier period.



said it expects to achieve 30% growth in its 1999 earnings to about $1.92 a share. The 23-analyst view calls for annual earnings of $1.93 vs. the year-ago $1.48.

In other earnings news:

Mergers, acquisitions and joint ventures


(CEN) - Get Free Report

received notification of early termination of the Hart-Scott-Rodino antitrust waiting period for its $750 million acquisition of

ABR Information Services



Ever-expanding Internet auction site


(EBAY) - Get Free Report

said it will acquire

Kruse International

, a collector-automobile vendor, and


, an Internet credit-card payment company. eBay will issue about $275 million in stock to pay for the purchases.



said the

Federal Trade Commission

granted it early termination of a waiting period for its planned $300 million buyout of

Dames & Moore

(DM) - Get Free Report


U.S. Industries

(USI) - Get Free Report

approved the spinoff of its

USI Diversified

unit, effective at the end of the year.


Dave & Buster's


said its stock will be listed on the

New York Stock Exchange

under the symbol DAB, starting June 4.

MRV Communications


announced plans to launch a multilingual global technology "megasite" devoted solely to technology news, products and services.

TCI Music


said its president and CEO, Tom McPartland, resigned.

Staff reporter George Mannes contributed to this story