Investors had plenty of news to keep them busy after the bell, as several big names from the technology sector reported their quarterly results.
, one of the volume leaders, was rising 4.2% to $27.75 after the company topped analysts' estimates by a penny.
Other members of the group were higher on the news.
was up 2.7% to $52.90,
Kulicke & Soffa
were also gaining ground.
Elsewhere in the semiconductor sector,
was falling 2.2% to $29.55, while heavy hitter
was tacking on 0.5%.
The network storage group was also in the news, with
, which inadvertently released an upside forecast before the close, adding 1.4% to $24.42.
was heading in the other direction, dropping 7.4% to $16.70 after the company's latest quarterly report revealed revenue that was short of the consensus forecast.
Two companies that are being added to the S&P 500,
, were slightly higher. The companies are replacing
WorldCom was the volume leader, and the stock was inching higher by 1.7% to $1.26 after the close. Overall, extra-session volume was heavy, as almost 14 million shares changed hands among the 20 most active stocks on the Instinet platform.
was one of the biggest losers, sliding 11% to $13.50 after the company said it would halt the development of a proposed psoriasis treatment.
released its last quarterly report as a standalone company, and the stock was dropping 2.3% to $20.03. H-P, which recently closed its merger with
, met analysts' profit expectations but said information technology spending probably wouldn't improve meaningfully until 2003.
Big-name tech issues were also active, but they were staying fairly close to the flatline. The
Nasdaq 100 Unit Trust
was up 0.3%, and
was better by 1.5%.
were each gaining 0.5%, and
was climbing 0.7%.