The Night Watch: WorldCom Plunges on Revenue Warning

Traders didn't have a lot to get excited about after the close Friday, until

WorldCom

(WCOM)

upset the rather quiet mood with a revenue warning.

Following the close of

regular trading, WorldCom lowered its

revenue guidance for 2002 and cut its capital spending plan. The stock was lately down 13.5% to $5.17, making it the biggest percentage loser on the Instinet platform after the close.

As usual on a Friday, little corporate news was being released. Volume was moderate, with around 2.9 million shares changing hands among the top-20 volume movers 75 minutes into the late session.

Credit card issuer

Metris

(MXT)

was ticking up 0.1% to $13.13, and a handful of other non-tech companies were making their way onto the volume leader board.

Tyco International

(TYC)

was active, but unchanged at $29.89.

Sun Micro

(SUNW) - Get Report

was slipping 0.3% to $9.12, and the

Nasdaq 100 Unit Trust

(QQQ) - Get Report

was down 0.2% to $34.40.

Microsoft

(MSFT) - Get Report

was ticking up 0.1%, while

Cisco

(CSCO) - Get Report

was slightly lower, and

Intel

(INTC) - Get Report

was unchanged.