was also interested in VoiceStream. FT.com added that the offer came despite the European telecommunications company's interest in larger phone company,
For more on the story, check out
There are situations when being premature is bad. But not if you are a dot-com waiting for your first profitable quarter. Investors threw loads of
shares in their after-hours shopping baskets after the Internet infrastructure company announced that it reached operating profitability in the fourth quarter, three quarters ahead of expectations.
The San Jose, California-based company rocketed 14 3/8 to 115 on 13,000
shares after releasing its fourth-quarter financial results. Revenues ended at approximately $51 million, an 80% increase over the previous quarter.
Alteon saw strong growth across all product lines, with particular strengths in Web-hosters and application service providers. Web switch revenue also grew approximately 90% since last quarter, with the strongest backlog in company history.
rose 25 3/8, or 8.5%, today to 320 11/16 after the world's largest fiber optic components makers,
, made a bid for the optical communications company of $41 billion. The company took well to its new role as a JDS Uniphase snack and continued to climb 1 15/15 to a fat 322 3/4 on Island.
JDS Uniphase, however, fell almost 13% today as investors wondered if the company paid too much for the acquisition. The uncertainty was quelled at night as bargain hunters snapped up shares pushing the stock 1 7/16 higher to 102 5/8 on almost 45,000 Island shares.
is again near the top of Island's most-traded list after tumbling 25% Friday on news that that
American Airlines had selected
over BroadVision for its next Web site release. BroadVision makes software that helps companies construct Web sites that offer e-commerce transactions.
Friday's after-hours recovery did not extended into Monday's daysession, despite the company's attempt to stem the selling with a statement touting the growth of its e-commerce products. "According to a recent
Morgan Stanley Dean Witter
research report (January 2000), e-financial and e-travel will top the first two positions in B2C e-commerce, yielding an estimated $285 billion and $23 billion in transactions, respectively, in 2003," said the press release. The shares dropped 1/8 today to 39 7/8 and but recovered 7/16 to 40 1/4 on 53,000 Island shares.
, an online distributor of audio programming through its Website, announced an alliance with
WebTV Networks, an Internet and digital television service. The collaboration will provide NetRadio content to Windows media format in the audio/video streaming section of WebTV. The agreement coincides with the launch of the latest version of WebTV, which includes the new integrated version of Windows Media Player for WebTV.
NetRadio surged 1 or more than 55% today and climbed another 1/8 to 2 7/8 on 200,000 Island shares and 1/4 to 16 1/8 on 194,000 shares.
Microsoft however, was trading down 15/256 to 79 97/256 on Island and fell 5/8 to 79 3/8 on 155,000 Instinet shares.
, a customer relationship portals, was sliced in half tonight after warning about disappointing second-quarter financial results.
The company fell 22 1/8 to 22 7/8 on Island. The company attributed its expected second-quarter shortfall to the slowing of North American business, a delay in the awarding of multimillion-dollar contracts from the Federal government and a faster-than-expected decline in the company's hardware platform business. The projected profit will be between 1 and 3 cents compared to a loss of 18 cents last year. Previously,
First Call/Thomson Financial
was calling for an 8-cent profit for the quarter.
The U.S. Army wants you, but it also wants
. The company, which makes microfluidic systems used in facilitating biological testing, announced a $1.8 million contract with the Army to build an automated and portable biological agent detection system. The system will help the Amy analyze potentially contaminated environmental samples.
Shares spiked 6 13/16, or 45%, to 121 7/8 by day, but was giving up 3/4 to 21 on 14,000 Island shares.
Pacific Aerospace & Electronics
, which specializes in components and assemblies, said today that
placed an order with the company potentially worth $1 million. Pacific Aerospace will provide tooling and casting technology for Applied Materials' semiconductor fabrication systems. The company rose 1/4, or 10%, on the midday news and 1/32 to 2 9/16 on 25,000 Island shares.
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. EDT.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.