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Few after-hours traders stick around to play the market on Friday evenings (better things to do, perhaps.) But those who were in the game tonight were bidding technology stocks higher.

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Shares of

Cisco

(CSCO)

, the volume leader on the after-hours trading platforms this evening, rose 1% to $15.75 on

Instinet

and

Island

ECN. The networking giant gained 2.6% during the regular session, even as

Sanford Bernstein

analyst Paul Sagawa

cautioned investors that telecommunications carriers may cut back on spending by as much as 20%.

Stocks in the optical sector attracted investor attention as well. On Island, where primarily Nasdaq stocks are traded,

JDS Uniphase

(JDSU)

increased 1.2% to $19.60 and

Ciena

(CIEN)

lifted 1.3% to $50.93.

After reiterating its capital spending outlook at an analyst meeting yesterday,

Intel

(INTC)

popped 5.4% to $30.18 during the regular session today. And it gained an additional 0.9% on Instinet tonight.

Other stocks on the move on Instinet included

Dell Computer

(DELL)

, up 0.5% to $26.12 and

WorldCom

undefined

, higher by 0.2% to $18.75.

This information is provided by Instinet, a wholly owned subsidiary of Reutersundefined. 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.

Confused?

TheStreet.com

explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.