Broadcom

(BRCM)

grew even broader tonight as its entered the

S&P 500

. In early evening trading, the company spit up more than 2 points, after all the partying in previous sessions. But as its hangover slowly dissipated, the debauchery resumed.

TheStreet.com

wrote about Broadcom's move in a

story earlier this week.

Tonight the chipmaker's grin was 1/8 wider to 218 7/8 on 232,607

Island

shares.

W-A-V-O!

W-A-V-O!

W-A-V-O!

And

Wavo

(WAVO)

was its name-o!

Rock and roll isn't as glamorous as it seems. Just ask the company formerly known as WavePhore, which broadcasts digital text, music or video on the Internet.

On Tuesday, the company said it will provide the technology for the Virgin-sponsored cybercast of a

Smashing Pumpkins concert, taped on May 23. On July 13, Virgin will Webcast the band's Los Angeles concert, which happened just hours after the lead singer announced the breakup of the group.

The news did not stem the stock's spiraling slide. It went down faster than a rock star with a heroin habit, making a fresh low yesterday and today. Wavo dropped 1/8, or 14%, today to a new 52-week low of 3/4.

Bargain vultures swooped down tonight, lifting the stock 1/32 to 13/16 on 67,000 Island shares.

Chipmakers cheered after the

Semiconductor Industry Association

reported today that chip sales for the month of May surged to all-time highs.

Chipper chipmaker,

Intel

(INTC) - Get Report

sprang 1 7/16 to 135 1/8 on 15,000 happy Island shares.

Qualcomm

(QCOM) - Get Report

fell today despite news that a wireless phone company it invested in secured replacement financing and will finish the year with a surplus of $90 million in cash. Qualcomm was a guarantor for

Globalstar's

(GSTRF)

original facility in exchange for warrants when the deal was signed in 1996. Qualcomm is also a co-founder of Globalstar.

Qualcomm's day losses ebbed after the news hit the wires at 2 p.m. EDT, but it still ended the day session 1 1/2 lower. Tonight, the wireless superstar either felt the contact high as Globalstar's good news sunk in or was saved by bargain hunting, popping 1/2 to 60 1/2.

Techniclone

(TCLN)

is not new lingo for the growing number of people who feel more at ease with computers than human beings. It is a California biopharmaceutical company that rose 3/8, or 10%, today after announcing that its German partner,

Schering

, will begin enrolling patients for phase one of the clinical study of its Non-Hodgkins lymphoma drug, Oncolym.

Tonight the Techniclone failed to multiply, giving up almost all of its day gains and falling 5/16 to 3 13/16 on 14,000 Island shares.

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.