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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (70505)	11/5/1999 8:59:00 PM
From: Captain Jack	Respond to of 90042

NEW YORK, Nov 5 (Reuters) - Shares of Microsoft Corp. <MSFT.O> dropped more than four points in after-hours trade Friday on strong volume that led one electronic trading network (ECN) to extend hours following the federal ruling on the software giant. Volume picked up after the news, leading Instinet to extend trading hours. "It is very active for a Friday night," one Instinet trader said. "As long as clients are still trading, we will remain open." Instinet, owned by Reuters Group Plc <RTR.L> <RTRSY.O>, logged volume of more than 347,000 shares. The ECN said it normally will stay open depending on demand but often closes shop by 1830 EST. Microsoft ended at 87-1/16 after hours compared with its closing price of 91-9/16 during the regular session on the Nasdaq. The stock climbed as high as 93 just prior to the ruling then dropped as low as 86-3/4 on Island ECN. On Island, more than 112,000 Microsoft shares were traded. The network closed at its normal time, 2000 EST. Other technology shares showed gains after the ruling. Shares of Intel Corp. <INTC.O> inched up 3/16 to 82-9/16 on Instinet compared with the closing price of 82-3/8 during the regular session on the Nasdaq. Dell Computer Corp. <DELL.O> gained 1/2 to 41-1/4 on Island. It closed down 1-13/16 during the regul