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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Ruffian who wrote (67115)2/16/2000 8:21:00 PM
From: LBstocks  Read Replies (2) | Respond to of 152472
 
DJ Late Trading: Hewlett, Qualcomm Up; DoubleClick Down

Dow Jones News Service ~ February 16, 2000 ~ 5:35 pm EST

NEW YORK (Dow Jones)--Late traders pushed shares of Hewlett-Packard Co. (HWP) up in after-hours trading after the company announced first quarter net income of 77 cents a diluted share, compared with 92 cents for the same period a year ago.

For the first quarter ended Jan. 31, Hewlett-Packard said revenue was $11.7 billion, compared with $10.2 billion for the same period a year ago. Operating income of 80 cents a diluted share beat the First Call/Thomson Financial consensus estimate by 2 cents a share.

In after-hours trading, shares of Hewlett-Packard were trading at 130 7/8, up 4.9% from the close of 129 1/16 in the regular session.

Shares of DoubleClick Inc. (DCLK) were pushed down in after-hours trading after the company said it is cooperating with the Federal Trade Commission's preliminary investigation into the company's data collection and ad serving practices.

Shares of DoubleClick were trading at 92 3/4 in after-hours trading. The company's stock fell 4 13/16, or 4.3%, to 106 5/8 in the regular trading session.

DoubleClick also said it is cooperating with the New York Attorney General's office as it conducts an informal inquiry related to the Attorney General's efforts to "understand" online advertising and the implications for consumers.

Late traders pushed shares of Qualcomm Inc. (QCOM) up in after-hours trading after TransAmerica Premier Small Co. Fund manager Christopher Bonavico said Qualcomm was a "jewel of opportunity" in a CNBC interview.

Shares of Qualcomm were trading at 122 in after-hours trading, after closing down 3.8%, or 5 5/8, at 121 in the regular-trading session.

-Donna Fuscaldo; Dow Jones Newswires; 201-938-5174

(END) DOW JONES NEWS 02-16-00

05:35 PM