The extended session was fairly quiet Monday, following a day on which the major U.S. stock

averages ended lower for the first time in 2002.

Flextronics

(FLEX) - Get Report

was the volume leader on the Instinet platform after the close, where the provider of electronics manufacturing services slid 3.5% to $26.06.

Overall, volume was light. In the first half-hour of extra trading, around 1 million shares had changed hands among Instinet's top-20 volume movers.

Microsoft

(MSFT) - Get Report

was active, inching up 0.1% to $68.64.

Comverse Technology

(CMVT)

was tacking on 0.2% at $26.99.

Intel

(INTC) - Get Report

was up 0.3% to $35.38.

Yahoo!

(YHOO)

was losing 0.9% to $19.55, and

Compaq

TST Recommends

(CPQ)

,

which Monday raised its guidance and received a ratings upgrade, was ahead by 0.2% to $11.70.

Gateway

(GTW)

reaffirmed its previous guidance after the close, saying it still expects to return to profitability for the fourth quarter on a pretax basis, excluding special charges. The PC maker also forecast quarterly revenue of about $1.16 billion.

The

Nasdaq 100 Tracking Stock

(QQQ) - Get Report

was slightly lower, losing 0.2% to $41.14, and the

S&P 500 Depositary Receipts

(SPY) - Get Report

were unchanged at $116.84.

Newport

(NEWP)

was one of the late session's biggest losers, dropping 5.5% to $22.77. After the close, the company, a maker of components and systems for fiber-optic communications and semiconductor companies, said its fourth-quarter loss would be slightly better than analysts' estimates. According to First Call, Wall Street is expecting the company to lose a penny a share. However, the company also said sales would be about 10% below analysts' expectations of $56 million. Newport had previously expected to break even on sales of $55 million to $58 million.

Rainbow Technologies

(RNBO)

was one of the top winners after the regular session closed, rising 10.9% to $9.15. After the close, the company said fourth-quarter revenue would be $31 million to $32 million, at the high end of its expected range. The security software maker also said it would be "operationally profitable" for the quarter.