Traders focused on widely held technology issues in the extra session Monday, but volume was moderate following a day in which the major U.S. equities
averages were hammered by investors.
, which before the close
projected 2002 earnings that were only even with still-rising expectations, slipped 0.2% to $52.44 in extended trading, after falling 7.7% to $52.60 in regular action.
was the most active stock on Instinet after the bell, where it traded up 0.4% to $16.49.
was flat at $24.10, and
was off 0.1% at $24.16.
Nasdaq 100 Tracking Stock
were also among the most active, but all three were hovering near their closing levels. About 2 million shares changed hands on Instinet in the first 30 minutes of trading.
plunged 16% to $7.55 after the company posted a first-quarter loss of $5.9 million, or 3 cents a share, in line with a warning earlier this month and matching Wall Street's estimates. But the company also disclosed plans to cut 13% of its workforce as part of a bid to cut costs and said its second-quarter results will come in below analysts' expectations.
was one of the biggest percentage losers in after-hours trading, falling 13% to $34.10. After the close, the company, a maker of customer care and billing software, said third-quarter earnings came to $29.6 million, or 54 cents a share, a penny ahead of estimates. Revenue rose 22% to $124.4 million. The company also projected that revenue for 2001 will come in near the low end of a range of $475 million to $495 million. For 2002, the company projected earnings of $2 to $2.15 a share and a top line of $480 million to $510 million. Analysts are looking for income of $2.48 a share in 2002, according to First Call.
was among the top percentage gainers on Instinet, rising 3.5% to $8.90. On the Island ECN, the Nasdaq 100, Cisco and
were some of the most actives. The three issues were little changed from their 4 p.m. EDT closing prices.