(Updated from 6:47 p.m.)

Unwilling to let go of today's late-session gains on the

Nasdaq Composite Index, investors bid technology stocks modestly higher in extended action.

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Qualcomm

(QCOM) - Get Report

rose 0.9% to $62.36 on

Instinet

and climbed 1.9% to $63 on

Island

ECN, having dropped to a two-year low in the regular session on the heels of a profit warning from

Motorola

(MOT)

and a downgrade on the stock by

Deutsche Banc Alex. Brown

.

Sun Microsystems

(SUNW) - Get Report

lifted 0.9% to $21 on Instinet and Island, after roiling the market with the news that its fiscal third-quarter earnings and revenue would fall below expectations. After dropping as much as 5% in the regular session, Sun closed unchanged from yesterday.

Nokia

(NOK) - Get Report

increased 0.5% to $21.45 on Instinet, after plunging 8.2% during the day amid worries that the Finnish phone maker would issue a profit warning. Earlier this morning,

Goldman Sachs

downgraded its ratings on several European telecom equipment firms, including Nokia,

Alcatel

and

Marconi

.

JDS Uniphase

(JDSU)

added 1.9% to $32.98 on Instinet and Island, after gaining 5.9% today despite a downgrade by

Morgan Stanley Dean Witter

. The investment firm lowered its price target for JDSU, saying it expected a decline in revenue in the company's fiscal third quarter.

Intel

(INTC) - Get Report

rose 1.8% to $30.47 on Instinet and advanced 1.3% to $30.31 on Island, while

Network Appliances

(NTAP) - Get Report

boosted 4.6% to $35.50 on Island. This morning, the two companies signed a technology and business deal worth $1 billion over seven years.

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

Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EST.

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