The Night Watch: Eerie Calm Descends on Late Trading

The after-hours session was fairly slow Monday, with tech majors and biotech outfits claiming the majority of the spots on Instinet's list of most-active stocks.

Volume was light. Around 1.7 million shares changed hands among the top 20 movers through the first half-hour of extended trading on the Instinet platform.

Oracle

(ORCL)

was giving back 0.1% to $15.40, and

Cisco

(CSCO)

was down 0.1% to $20.72.

Amgen

(AMGN)

was off 0.1% at $64.80.

Protein Design Labs

(PDLI)

was among the most active stocks, trading down 0.3% to $30.66. In regular trading, Protein Design lost 19% after the company said an experimental cancer drug had little or no positive effect on patients suffering from non-Hodgkin's lymphoma.

JDS Uniphase

(JDSU)

was ticking up 0.1% to $9.96 after dropping 5.5% in regular activity. The company said earlier that sales for the second quarter would be 10% to 15% below the $329 million reported for the first quarter.

Emulex

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was flat at $38.42, while

Sun

(SUNW)

was unchanged at $13.31.

Intel

(INTC)

was also level with the 4 p.m. EST close at $32.95. The

Nasdaq 100 Tracking Stock

(QQQ)

was slipping 0.1% to $40.96.

Most of the percentage winners and losers in late trading were small stocks trading on light volume, but one notable mover was

Engage

(ENGA)

.

After the close of trading, the enterprise marketing software company reported a loss of 3 cents a share, before items, for the first fiscal quarter. Revenue totaled $6.7 million. The company's shares rose 61.3% to 50 cents on Instinet, where 10,000 shares moved. Engage, which is majority-owned by

CMGI

(CMGI)

, was quoted at 59 cents on the Island ECN.