A Gateway ( GTW) is a two-sided affair, with options for both the entering and exiting. Tonight, Gateway founder and chairman Ted Waitt entered, stepping back into the CEO role at the personal computer maker, which has seen its stock price fall from a high of $75.12. Jeff Weitzen, formerly of AT&T ( T) -- and now formerly of Gateway -- will be stepping down from his role as Gateway's CEO just one year after taking the job. "We have worked very hard over the past three years to transform Gateway in ways that would ensure its long-term success," said Weitzen, who will be retiring at 44, in a prepared statement. "I am really proud of the work we've done and of all that we've achieved, and I am really looking forward to spending more time with my wife and family." Enter the investor. Gateway's struggling stock price performed better after-hours, gaining $1.34, or 6.2%, to $23 on Instinet.
Egads! Would you look at EGAN, or rather, eGain Communications ( EGAN). The company, which provides a service that allows customer service departments to automatically sort and respond to customer emails, soared $1.34, or 27.4%, to $6.25 on Instinet, after announcing second-quarter losses of 45 cents a share, crushing the 63-cent loss expected by analysts. Now, despite that earnings triumph and subsequent late-night ramp up, it's worth looking a little bit closer at eGain's earnings data. Revenue came in at $13.8 million, up some 475% from the $2.4 million booked in the previous year. But, at the same time, that number isn't so far away from the $13.6 million expected, on average, by analysts. Looks like investors were playing that percentage and not the revenue expectation.
|10 most active stocks on Instinet (6:30 p.m. EST)|
|Intel ( INTC)||37.16||+0.09||252,225|
|Jabil Circuit (JBL)||35.75||-0.50||198,310|
|ADC Telecommunications (ADCT)||14.88||0.00||137,800|
|10 most active stocks on Island ECN (6:30 p.m. EDT)|
|Star Telecommunications (STRX)||0.66||+0.04||94,796|
|eGain Communications (EGAN)||6.40||+1.49||68,866|
|Covad Communications (COVD)||4.59||-0.13||51,684|
|Juniper Networks (JNPR)||116.50||+0.25||38,791|