The Night Watch: EDS Drops After Earnings Report

Cisco and WorldCom are among the volume leaders.
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Widely held tech shares were occupying the majority of the spots on the Instinet volume leader board in extra trading Thursday, and most of the price moves were leaving stocks slightly below their

4 p.m. EST closing levels.

WorldCom

(WCOM)

was the volume leader, ticking up 0.8% to $7.58. The long-distance carrier posted earnings before the start of regular trading, and the company's shares traded higher after CEO Bernie Ebbers said he wouldn't

sell his WorldCom stock.

Cisco

(CSCO) - Get Report

was slipping 0.2% to $17.03 on top of an 8.3% decline in regular action. The

Nasdaq 100 Unit Trust

(QQQ) - Get Report

was off 0.2% at $35.13, and

Ericsson

(ERICY)

was lower by 0.2% at $4.01.

Microsoft

(MSFT) - Get Report

was down 0.4% at $59.58.

EDS

(EDS)

had news after the bell, reporting fourth-quarter earnings that beat analysts' estimates. The company also said it was comfortable with Wall Street's expectations for the first quarter and 2002. The stock was losing 3.4% to $57.

Intel

(INTC) - Get Report

was down 0.6% at $32.10, and

Oracle

(ORCL) - Get Report

was inching lower by 0.1% at $15.90.

Tyco

(TYC)

was losing 0.5% to $27.90.

Applied Materials

(AMAT) - Get Report

was up 0.4% at $42, and

Yahoo!

(YHOO)

was down 1% to $15.20. The

S&P 500 Depositary Receipts

(SPY) - Get Report

were off 0.2% to $107.75.