The Night Watch: Adatom.com, Engage Hits With the Late-Night Gang - TheStreet

The Night Watch: Adatom.com, Engage Hits With the Late-Night Gang

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(Updated from 6:33 p.m. EDT)

Island

ECN maintained its week-long lethargic volume pattern, with the exception of

Adatom.com

(ADTM)

, which drew heavy interest after yesterday's approval of the China Trade Bill.

The

U.S. Senate's

approval of the legislation allows for permanent normal trade relations with China. Previously, China's trade status was reviewed and renewed annually, based on the government's questionable human rights practices, but now its trade status will be permanent. The companies that stand to benefit the most are computer, software, telecomm and other tech firms.

Electronic marketplace builder Adatom.com already has strong partnerships with Chinese industry and important government entities such as the

Chinese Federation of Industrial Economics

to expand of the commercial use of the Internet in China. Aside from its global aspirations, Adatom.com also runs an Internet superstore in the U.S.

The lift was much needed after the company hit its 52-week-low yesterday. But, despite relatively heavy trading of 308,000 shares, the California-based company gained only 4% during the day session but managed to tack on 10 cents, or 14%, to 82 cents by night.

The company issued a press release in the last two hours of the session to remind investors of its place in the world's biggest potential market, in hopes perhaps of jumpstarting the buying and boosting its scrape bottom stock price.

NBC/Quokka Ventures

, a joint venture between one of

General Electric's

(GE) - Get Report

television subsidiaries, NBC, and

Quokka Sports

(QKKA)

, announced today that it has experienced record-breaking usage through the first four days of the Olympic Games. Fans spent more than 900,000 hours on its Web site, visiting more than 43 million pages and making it the top U.S. Olympic site in audience usage. Quokka CEO Alan Ramadan expects usage to rise to 20 to 30 million visitors during the games. Quokka started the session with gains but sank 3 cents to 5.43 as trading wound down.

Online marketing company

Engage Technologies

(ENGA)

posted a smaller-than-expected loss in its fourth quarter and announced a major restructuring plan that will eliminate 175 jobs. The loss was 14 cents a share versus the 28-cent loss expected by Wall Street.

It was the biggest percentage gainer on Island with a pop of $2, or 24%, to $10.06.

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.