The Night Watch: Momentum Builds in Extended Trading

Loudcloud takes off after beating estimates and guiding higher.
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The regular session's good cheer spilled into after-hours trading Monday, as investors continued to bid up equities.

Widely held technology issues, which tend to dominate extended trading, captured most of the top spots on the extra-session charts. About 1.8 million shares changed hands among the top 20 volume movers on the Instinet platform after the 4 p.m. EST close of

regular trading.

Cisco

(CSCO) - Get Report

was the volume leader, trading up 0.1% to $20.74. The

Nasdaq 100 Tracking Stock

(QQQ) - Get Report

was unchanged at $40.47.

Oracle

(ORCL) - Get Report

was inching up 0.1% to $14.89.

Palm

(PALM)

was climbing 1.3% to $3.92 after the bell. On the Island ECN, the handheld computer maker was gaining 2%. During regular trading, Palm jumped 12.8%, and the company's key competitor,

Handspring

(HAND)

, shot up 35.3%. The stocks rose after an article in

The Wall Street Journal

indicated that speculation is building about the possibility that the companies might look to combine their operations now that Palm's CEO has resigned.

Sun Micro

(SUNW) - Get Report

was inching up 0.1% to $13.68, while

Microsoft

(MSFT) - Get Report

was ahead by 0.2% to $66.77.

Intel

(INTC) - Get Report

was up 0.2% to $31.05.

Loudcloud

(LDCL)

was among the biggest percentage gainers, trading up 14.3% to $3.60. After the close, the company posted a third-quarter loss of 62 cents a share, topping Wall Street's estimates by 8 cents. The company also forecast a narrower loss than analysts are expecting for the fourth quarter.

Protein Design Labs

(PDLI) - Get Report

was one of the biggest losers, falling 4.3% to $36.91.

JDS Uniphase

(JDSU)

was among the volume leaders on Island, where the issue added 0.2% to $12.29.