( Updated from 7:22 p.m. EDT)
Traders were Caly-bound after Calypte Biomedical's ( CALY) postbell announcement that its HIV-1 antibody urine test was approved for use by the People's Republic of China, making it the only urine-based HIV test to be used there. According to the Joint United Nations Program on HIV/AIDS, half a million Chinese citizens are infected with the HIV virus. Calypte surged 3.10, or an incredible 155%, to 5.10 on 1,539,960 Island shares.If a company gets that kind of treatment for blasting estimates, imagine what happens to companies that disappoint. Crossroads Systems ( CRDS) was crushed 2.67, or 24%, to 8.26 after reporting that third-quarter revenue was 6% lower than last year's and 57% lower than the previous quarter. Apparently the maker of computer network connectivity systems lost business to its competition. The net loss was 30 cents a share while analysts expected a 21-cent loss.
Investors cut into Razorfish ( RAZF) after the hipster Internet consulting firm announced tonight that President Michael Pehl was leaving. Pehl has been at the company for four years. As with dog years, that's a quite long in Internet time. Razorfish stank and sank 1.84, or 12%, to 12.71.
Software developer Pumatech ( PUMA) posted a smaller-than-expected fourth-quarter loss of 8 cents a share on sales of $9 million. Analysts expected loses of 11 cents a share in the quarter. Despite a 50% jump in sales, choosy investors chose to sell. Puma plummeted 2.55, or 10%, to 20.88.
DSL.net ( DSLN) finally just said no to gains. After tripling its value this week on a deal with IBM ( IBM) the Internet access provider finally bowed to the laws of gravity, relinquishing 7% during the day session and losing 15 cents, or 1.9%, to 7.93 tonight.
Read-Rite ( RDRT) hit a 52-week high of 7.41 and closed at 7.38 after popping 31% during the day session on news that Samsung, Maxtor ( MXTR), Quantum-Hard Disk Drive ( HDD) and Western Digital ( WDC) will use its latest recording-head technology. By night it gave back 3 cents to 7.34.
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| 10 most active stocks on Instinet (6:30 p.m. EDT) | |||
| Company | Price | Change | Session Volume |
| Sycamore Networks (SCMR) | 155 | -3 | 358,910 |
| Calypte Biomedical (CALY) | 5.6093 | +4.1093 | 336,200 |
| Burr-Brown (BBRC) | 90.125 | +0.4531 | 186,194 |
| Texas Instruments (TXN) | 69.625 | +0.1875 | 181,334 |
| Microsoft (MSFT) | 70.875 | -0.25 | 147,054 |
| Next Level (NXTV) | 41.6718 | -0.0781 | 138,500 |
| Cisco (CSCO) | 66.50 | -- | 108,600 |
| Crossroads Systems (CRDS) | 8.375 | -2.5625 | 104,200 |
| Razorfish (RAZF) | 12.25 | -2.3125 | 80,300 |
| DSP (DSPG) | 48 | -1.1875 | 75,459 |
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| 10 most active stocks on Island ECN (8 p.m. EDT) | |||
| Company | Price | Change | Session Volume |
| Calypte Biomedical (CALY) | 5.10 | +3.10 | 1,539,960 |
| Crossroads Systems (CRDS) | 8.26 | -2.6775 | 412,322 |
| Sycamore Networks (SCMR) | 156.25 | -1.75 | 348,931 |
| Draxis Health ( DRAX) | 3.40 | -0.125 | 182,868 |
| Aastrom Biosciences (ASTM) | 4.20 | -0.8125 | 157,310 |
| Next Level Communications (NXTV) | 41.6875 | -0.0625 | 121,744 |
| Razorfish (RAZF) | 12.7188 | -1.8438 | 107,762 |
| DSL.net (DSLN) | 7.9375 | -0.1563 | 100,510 |
| Amtech Systems (ASYS) | 17.30 | -2.1375 | 89,375 |
| Puma Technology (PUMA) | 20.88 | -2.5575 | 86,226 |
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