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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (61239)9/20/1999 5:39:00 PM
From: Tim Luke  Read Replies (1) of 90042
 
Monday September 20, 5:14 pm Eastern Time
AFTER THE BELL - Stocks quiet, trade thin
NEW YORK, Sept 20 (Reuters) - Stocks were quiet in after- hours trade with only a few issues trading on light volume, traders said.

Shares of Apple Computer Inc. (Nasdaq:AAPL - news) were halted after the bell as the computer maker said its fourth-quarter earnings would fall well below the year-ago level due to low shipments of a new computer.

The stock climbed 2-1/8 to 79-1/16 during the regular session, just off a 52-week high of 79-1/8. Apple is expected to resume trading by 1715 EST.

Other shares made modest movement, traders said. Cabletron Systems Inc. (NYSE:CS - news) was up 1/8 to 19-1/8 compared with its closing price on the New York Stock Exchange. The company posted second-quarter results that met Wall Street targets.
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