(Updated from 7:37 p.m. EST)
Investors may have cleared their evening schedules for tonight's series of political addresses -- Democrat Al Gore's concession speech at 9 p.m. EST, to be followed by Republican George W. Bush's victory remarks at 10 p.m. EST. But, with a surfeit of company news tonight, they also made time to trade.
Technology stocks, which suffered during the regular session as the
Nasdaq Composite Index dropped 109 points, or 3.7%, to 2823, recovered ground on the night watch.
, which dropped 6.3%, to $31.75, touching a fresh 52-week low of $31.50 during the day, lifted 1%, to $32.06, on
ECN and climbed 0.8%, to $32, on
Other large-cap technology stocks
profited in after-hours trading. Cisco climbed 1%, to $51.63, on Instinet and added 1.2%, to $51.75, on Island, while Intel advanced 0.4%, to $35.63, on Instinet.
Moving on to the names that made headlines this evening, software manufacturer
( WCOM) posted second-quarter earnings of 23 cents a share, topping Wall Street's estimate of a 20-cent-per-share profit and beating the year ago 3 cents per share result.
Verity's good report sent its stock up 13.8% to $21.13 on Island ECN and higher 15.8%, to $21.50, on Instinet. The company said that revenue for the second quarter totaled $34.5 million, up 107% from the year-ago $16.7 million. Verity anticipates revenue for the second half of fiscal 2001 to fall in the range of $41 million and $42.5 million.
( WCOM), a provider of electronic manufacturing services, announced that its board approved a 2-for-1 stock split of the company's common stock. That news lifted Sanmina's shares 5.5%, to $77.38, on Island and higher 2.7%, to $75.38, on Instinet.
In other news, a Delaware judge refused to block a merger between
( WCOM) and
. The union was opposed by minority shareholders of
, which is partly owned by Intermedia.
On the night watch, Intermedia Communications surged 6.6%, to $13, on Island and popped 10%, to $13.52, on Instinet, while WorldCom fell 4.1%, to $17.44, on Instinet and dropped 1.7%, to $17.88, on Island.
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. EST.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.