(Updated from 7:43 p.m. EDT)
Bill Clinton and
Nasdaq stocks were today's comeback kids.
But while components of the tech-laden index saw big price movements during the regular trading day -- the Nasdaq closed 84.29 points higher -- activity among large-tech issues quieted in tonight's extended session.
Technology stocks have given back a small portion of their daytime gains. On
ECN, shares of big gainers --
-- all closed slightly lower.
Tonight's three biggest losers on
were, not surprisingly, the companies that issued profit warnings after the market's close.
, a manufacturer of automotive and spacecraft systems, announced that it expects third quarter earnings to be below Wall Street estimates of $1.05 a share. The company attributes the shortfall to the weakening of foreign currencies and production cutbacks announced by
TRW dropped $5.25, or 11.6%, to $40.
, a manufacturer of semiconductor devices, stated that it expects to report a first-quarter loss of 23 to 27 cents a share. Analysts had expected the company to earn 12 cents a share.
Shares of SpeedFam lost $5.25, or 32.7%, to $10.81.
, a manufacturer of data storage devices, announced that it expects second-quarter sales to fall 15% to 25% below analysts' forecasts of $9 million, due to slow market acceptance of its new line of network switches.
Gadzoox lowered $2.31, or 22.4%, to $8.
Meantime, shares of
, which boosted $2.75, or 35.2%, to $10.56 in the regular session, saw a little profit-taking in nighttime trading. The company, which manufactures storage device equipment, topped both Island ECN's and Instinet's lists of active stocks. Read-Rite ended 25 cents lower to $10.31 on Island, and fell 44 cents to $10.12 on Instinet.
Wednesday night, the company announced that it has built a new fiber-optics company,
, with $25 million in funding from
Integral Capital Partners
. Read-Rite also said that it was in talks with in discussions with interested groups for more technology and capital investments.
Meantime, shares of
-- which closed the regular session down $5.13, or 4.57% -- recovered ground in twilight trading. The Internet bellwether closed up $1.31 to $108.25 on Island ECN. The stock gained $1.06 to $108 on Instinet.
analyst Holly Becker said that she maintains her cautious outlook on Yahoo!, but is confident that near-term results are not at risk.
About a week and a half ago, Becker raised concerns about the flagging market for online advertising. On Aug. 28, Lehman Brothers analyst Holly Becker said that it was only a matter of time before the slowdown in dot-com spending would affect Yahoo!'s results. Additionally, an article in last Friday's
Wall Street Journal
echoed Becker's worries that the tech bellwether will suffer from a slowdown in online advertising.
bullish Internet analyst,
Henry Blodget, cautioned investors that he expects more third-quarter earnings warnings from online advertising agencies. Blodget, however, said that
will likely meet or modestly beat expectations.
In its quest to build a profitable business,
today announced that it has purchased some of rival
operations. The online grocer, also said that it will pull out of the Texas and Ohio markets. (
latest news in a separate story.)
Peapod's announcement encouraged investors, who sent its stock up 19 cents, or 9.4%, to close today's session at $2.19. In after hours trading on Island, the stock lowered 14 cents to $2.05.
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.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.