Tech stocks took over the extra session Wednesday, but largely, traders appeared to be sitting on the sidelines as volume was light.

Cisco

(CSCO) - Get Report

was the volume leader, slipping 0.1% to $14.23.

Gap

(GPS) - Get Report

was flat with the

4 p.m. EST close at $12.40. During regular trading the apparel retailer dropped 8.5% after the company wasn't able to convince investors that its

turnaround strategy would work.

Overall, volume was light. In the first hour of Instinet trading after the close, only around 1.5 million shares had changed hands among the top-20 volume movers.

Recoton

(RCOT)

, a marketer of consumer electronics, was plunging 44.3% to $4. Just before the market closed, Recoton forecast a loss for the fourth quarter, which would lead the company to breach the financial covenants of its senior credit facility. The company is talking with its lenders to try to modify the covenants or waive any defaults.

Manugistics

(MANU) - Get Report

was among the biggest losers, dropping 5.2% to $15.09. Elsewhere, widely held tech stocks were taking up the majority of the spots on the volume leader board.

Broadcom

was flat at $32.79, and

Intel

(INTC) - Get Report

was lower by 0.1% at $29.87. The

Nasdaq 100 Unit Trust

(QQQ) - Get Report

was ticking up 0.1%, while

Oracle

(ORCL) - Get Report

was off 0.1%.

Microsoft

(MSFT) - Get Report

was up 0.3%.

ImClone

(IMCL)

was continuing its winning ways, trading up 4.4% to $21.43 after the close. In regular action, the stock gained more than 32% on hopes the company will get its

proposed cancer drug Erbitux approved by the Food and Drug Administration within a year.