The Night Watch: Cisco Mounts Minor Comeback

Traders had plenty of news to digest after the close Thursday, and several widely held tech shares were making sharp moves in the extra session.

Amgen

(AMGN) - Get Report

was among the most active stocks, falling 2.8% to $55.99 after the company disclosed plans to raise $2.5 billion through the sale of convertible debt.

BEA Systems

was dropping 4.2% to $15.15 after the company posted earnings before items that met analysts' expectations. Revenue and earnings for the latest fourth quarter fell from the same period a year earlier.

Cisco

(CSCO) - Get Report

was climbing 1.2% to $15.29.

In regular trading, the stock lost 9.3% after the company's CEO, John Chambers, told Lehman Brothers analysts that visibility was tough and that the strength seen in the past few months has now softened.

Xilinx

(XLNX) - Get Report

was one of the late session's biggest winners, advancing 5% to $35.71 after the company raised its revenue guidance for the fourth quarter. The outlook was good enough to lift

Altera

(ALTR) - Get Report

4.7% to $20.75. The stocks of both companies, which make programmable logic devices, were lower in regular action.

Ciena

(CIEN) - Get Report

was dropping another 0.7%,

Intel

(INTC) - Get Report

was up 0.6%, and

Microsoft

(MSFT) - Get Report

was inching up 0.2%.

Oracle

(ORCL) - Get Report

was off 0.1%.

Sun Micro

(SUNW) - Get Report

was tacking on 0.2%.

Nextel

(NXTL)

was unchanged.

The

Nasdaq 100 Unit Trust

(QQQ) - Get Report

was up 0.4% to $33.63, and the

S&P 500 Depositary Receipts

(SPY) - Get Report

were ahead by 0.2% to $108.50.