What is a multibillion-dollar computer behemoth to do to attract buyers? Isn't it enough that Dell (DELL) - Get Report busts its circuits to make the best darn personal computer products it can?

Now it is joining

America Online

(AOL)

and

Pearson

to invest in a $30 million round of equity financing for Internet e-learning infrastructure company

Blackboard

.

Fickle financiers played it cool during the day, punishing Dell 1/4 to 44 11/16 for being so eager to please. But investors reached into their pockets after hours when Dell said net income rose to $525 million, or 19 cents a share, from $434 million, or 16 cents, a year ago. Analysts expected earnings per share of 16 cents. Revenues rose 31% to $7.28 billion from $5.54 billion in the year-earlier quarter.

Dell delivered its first steady performance after two shaky quarters thanks to strong sales in North America and Asia. European business was sluggish, growing only 17%.

Previously, the world's second-largest computer maker warned that future revenue growth might drop to the 30% range from more than 50%. Pricey computer components were one reason for the company's caution.

Dell enjoyed the late-night attention, topping Island's volume chart and racking up 3 5/16 popularity points to 48 on 600,00

Island

shares. It also popped 3 to 47 11/16 on 1.2 million

Instinet

shares.

TriQuint Semiconductor

(TQNT)

. Go ahead, try it. Late-night traders did and they seemed to like it. They lifted it 1 9/16 to 92 on 27,000 Island shares.

The semiconductor company, announced after hours a 2-for-1 stock split. The split will be payable July 11 to shareholders of record as of June 19. The company's stock did well this year, despite its 38-point dip off its Feb. 11 high of 128 5/8, and it decided to make more. After a clean slice down the middle, there will be 77 million TriQuint shares hanging around.

On first glance TriQuint seems like your typical West Coast technology company, but under that mild-mannered Oregonian exterior lurks some dangerous-sounding products.

The company supplies a broad range of high-performance gallium arsenide integrated circuits, most likely to secret agents. They are used in wireless communications, telecommunications, data communications, and aerospace systems. Maxwell Smart used the technology in his '60s-style shoe phones. TriQuint products also come in crime-fighting colors.

A quarter-point may not seem like a lot to most companies, but it meant a 12% gain to

Draxis

(DRAX)

, a Canadian pharmaceutical company that closed at 2 5/16 today. It was all about BrachySeed. BrachySeed does not grow into Brachy trees, it helps fight prostate cancer. And today, the Canadian government gave Draxis the regulatory go ahead to market the treatment. Draxis President and CEO Martin Barkin expects the drug will be ready for U.S. markets by the fourth quarter.

Prostate cancer is the second-most-common form of cancer, with 180,000 new cases diagnosed in the U.S. in 1999, according to the

American Cancer Society

.

Brachytherapy uses BrachySeed implants for treatment of early-stage prostate cancer. The treatment has been around since the 1970s but has gained prominence recently due to rapid patient recovery, lower costs and reduced incidence of complications such as impotency and incontinence, according to a company press release.

The Canadian drug lord rose 1/32 to 2 11/32 on 149,000 shares on Island.

Where is the hub of cyberspace? You could ask the folks at

Internet Capital Group

(ICGE)

, but they might not know. However, they could tell you how to get from B2B.

Internet Capital is not a mythical city that floats on undulating waves of bandwidth, it is a Pennsylvania-based business to business e-commerce firm that owns interests in 49 B2B companies. Today it expanded its fiefdom with 15 new partners, spending $291 million on the acquisitions during the first quarter. (The company was in on the aforementioned Blackboard financing, too.)

The company still managed to post earnings of $1.30 per share, vs. 14 cents last year. That sure does buy a lot of vowels. Internet Capital rose 3 1/4 to 35 on 31,000 Island shares.

ImproveNet

(IMPV) - Get Report

wasn't moving much tonight, but the Internet site for home improvers did a nice clip in volume.

The company's IPO was issued on the Ides of March, and since that unlucky 15th day, its stock dropped 16 to 3 25/32.

ImproveNet's core businesses are a find-a-contractor matching service and an estimate calculator for kitchen, bathroom and roof repairs. The company also teamed with

Popular Mechanics'

Web site to share content. More than 1 million people visit each month, according to the company.

Island traders sent the handy e-helper 1/32 higher to 3 25/32 on more than 130,000 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.