Updated from 7:00 p.m. EDT)

Hewlett-Packard

(HWP)

earned 97 cents a share in its fiscal third quarter based on strength in the imaging and printing sectors. The boxmaker topped both analysts' estimates of 85 cents and last year's earnings of 66 cents and rose 8% on the good news. The shares settled 9.56 higher at 121 on 470,000

Instinet

shares.

TheStreet.com

covered H-P's earnings in an earlier

story.

Novell

(NOVL)

also released its third-quarter earnings after the bell. In their case, investors mostly yawned.

The Net services software company kicked off the after-hours session with results that bettered consensus estimates by one penny. Revenue was $270 million and earnings were 3 cents per share compared to 14 cents the same period last year, down nearly 83% on weaker overall sales.

Rumors are circulating that Novell might spin off one of its units. This rumor, probably a couple of days old, did little to stir up enthusiasm. After edging higher on initial reactions, shares paused at unchanged and made a run for the border. Novell fell 1.31, or 12%, to 9.625 on 200,000 Instinet shares.

TheStreet.com/NYTimes.com's

joint newsroom reported on the company's earnings in a

story this evening.

For those that are curious, Net services software helps secure and power all types of networks, including the Internet, intranets, extranets, wired to wireless, corporate and public networks across operating systems.

For the even more curious,

TheStreet.com

covered the

story in-depth earlier.

Amtech Systems

(ASYS) - Get Report

is a company that hasn't gotten much attention, but just like the virtuous and toiling Cinderella, it showed up at the ball with a tenfold jump in profits and customer acquisitions worth $6.4 million. And just like the secretive fairytale heroine, this semiconductor equipment maker will not reveal the identity of its new customer.

Amtech shares jumped along with their profits, skyrocketing an amazing 128.5% higher, to 10, and reaching a new 52-week high. The company was definitely the belle of the tech ball, so popular that it increased its order backlog by $10 million to $14 million. The company guided revenue for the next several quarters "significantly higher" based on the increase in orders.

Yesterday, Amtech reported that its net sales rose to 13 cents per share compared to 1 cent a year ago.

First Call/Thomson Financial

has no consensus estimates for the company and only one analyst covers it. But maybe that will change as the superstar stock surged another 4.75, or 47.5%, to 14.75 by night.

Wasn't it nice when your computer didn't talk back. Well that will change, listen up!

HearMe

(HEAR) - Get Report

has already signed on more than 50,000 Web sites, including instant messenger services and text chat applications. to its service, which will allow real-time voice interaction among users.

Yesterday the company shot up about 63% to 6.93 and continued to ascend another 56 cents last night on news that it licensed its voice and text communications technology to Super Q, more commonly known as

Qualcomm

(QCOM) - Get Report

to use for its Eudora e-mail system.

Not bad gains for a company that visited a 52-week low of $3.43 at the beginning of the month. Today, it receded more than 7% on some profit-taking, crawled a bit lower in early post-close trading, idled at unchanged, headed higher and then reversed direction, settling 3 cents lower at 6.37 on 31,000 Island shares.

Last night, investors gobbled up

Ciena

(CIEN) - Get Report

shares after the 2-for-1

split. Tonight fiber-optic technology company

Corning

(GLW) - Get Report

announced a 3-for-1 stock split of its common shares. It lifted 13.06 or almost 5% to 290.

High-speed computer-switch maker

Brocade Communications

(BRCD)

reported tonight that sales more than tripled. Third-quarter profits surged to $20.1 million, or 16 cents a share, from $1.161 million or 1 cent a share a year ago. Sales rose to $92.1 million from $20.1 million. The results topped the consensus forecast of 14 cents expected by analysts polled by

First Call/Thomson Financial.

Brocade inched 6.75 or 3.4% higher to 203.50.

This information is provided by Instinet, a wholly owned subsidiary of Reuters (RTRSY) . For further information, please contact Instinet at www.instinet.com.

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