Updated from 5:03 p.m. EST
traded on heavy volume in Instinet action after the bell, and investors continued to send shares of the telecom equipment supplier even lower.
The company's shares were losing 0.8% to $4.88, after dropping 12.9% to $4.92 in regular trading. The
4 p.m. EST close on the
New York Stock Exchange, where Lucent was the most active stock, set a 52-week low.
In the first hour of extra-session trading, more than 1.3 million shares of Lucent had been swapped, good enough to outpace the second-most active issue, the
Nasdaq 100 Unit Trust
, by a factor of 10. Lucent alone accounted for nearly half of the total share volume among the 20 most actively traded stocks.
Other networkers were mixed.
was slipping 0.4% to $16.30, and
was ticking up 0.1% at $12.97.
Among other active issues,
was off 0.2% at $31.29, and
was down 0.2% to $9.46.
was losing 1.1% at $19, and
, which earlier in the day
disclosed plans to sell $500 million of convertible debt, was unchanged at $18.30. In regular trading, CA lost 6.3%.
was one of the biggest winners in extended trading, gaining 7.7% to $13, after predicting that first-quarter results would be better than expected. The company, a maker of integrated circuits for broadband and wireless communications devices, forecast first-quarter revenue of about $19 million and a loss of 38 cents a share. According to First Call, analysts expect a loss of 40 cents for the quarter.
In other action,
was climbing 12% to $17.20, and
was up 6.4% to $13.98. The
S&P 500 Depositary Receipts
were inching higher by 0.1% to $116.10.