Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (35316)	4/4/2001 6:52:11 PM
From: Dealer	Respond to of 65232

Hi Donnie! Thank Dell! AFTER THE BELL - Tech stocks rise, Dell offers ray of light (UPDATE: Updates shares prices, adds companies) NEW YORK, April 4 (Reuters) - Technology stocks headed higher in after-hours trading on Wednesday after high-tech heavyweight Dell Computer Corp. (NasdaqNM:DELL - news) reaffirmed its first-quarter forecast and offered a breath of fresh air to investors buried under corporate profit warnings. ADVERTISEMENT Dell rose to $23-5/8 in extended hours from its regular close of $22-3/16 on the Nasdaq. Dell said it was maintaining its forecast for its fiscal first quarter, which ends in about a month, but would not comment on the rest of the year due to economic and industry uncertainty. Cisco Systems Inc. (NasdaqNM:CSCO - news), the world's No. 1 maker of gear that powers the Internet, gained ground in extended hours, recovering from earlier weakness after the closing bell. Cisco rose to $14-3/16 in extended hours from its regular close of $13-11/16 on the Nasdaq. Cisco said slow sales of an optical router had prompted it to discontinue making that device, which is found at the core of optical networks. Other high-techs followed the upward trend in after-hours. Chip giant Intel Corp. (NasdaqNM:INTC - news) rose to $23-5/8 from its regular close of $22-5/8. Business software company Oracle Corp. (NasdaqNM:ORCL - news) climbed to $14.20 in extended hours from a $13.66 close. The Nasdaq Composite Index (^IXIC - news) had lost 34.20 points, or 2.04 percent, to 1,638.80 during the regular session, suffering its third straight losing session and hitting its lowest close since mid-October 1998. But software maker Peregrine Systems Inc. (NasdaqNM:PRGN - news) also offered a ray of light after the bell. The company climbed to $16-7/16 in extended hours from its close of $13-3/4 on the Nasdaq. The company said it expects to report fiscal fourth-quarter earnings in line with analysts' estimates. Home products retailer Bed Bath & Beyond Inc. (NasdaqNM:BBBY - news) also rose, climbing to $26-1/8 in extended hours from its close of $24-5/8 on the Nasdaq. The company said its fourth-quarter earnings rose 33 percent to meet analysts' estimates as sales rose despite a weak retail environment. But Akamai Technologies Inc. (NasdaqNM:AKAM - news), whose software helps speed Web content over the Internet, slipped to $5-3/8 in after-hours trading after closing at $6 on the Nasdaq. The company said it would report a narrower-than-expected loss but on lower expected revenues, and will cut 14 percent of its work force in an effort to reach break-even results earlier than expected.