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To: yu who wrote (4813)	1/16/2003 5:35:12 PM
From: pallmer	Respond to of 29601

-- After the Bell-Microsoft, IBM sag -- (Adds Microsoft, updates prices) NEW YORK, Jan 16 (Reuters) - Technology stocks sagged in after-hours trading on Thursday as investors scanned through a slew of earnings reports from marquee names like Microsoft Corp. <MSFT.O> and International Business Machines Corp. <IBM.N>. Microsoft's shares took a hit in the extended hours session, falling to $54.60 from $55.35 even though the software company posted a better quarterly profit as a new software licensing plan lifted revenues. Microsoft also announced a two-for-one stock split and said that it would begin paying a dividend. IBM's shares fell after the computer giant said sales of services and computer hardware rose, even as quarterly profit fell for the sixth quarter in a row. Shares of IBM traded at $84.45 in the after-hours session, up from their close on the New York Stock Exchange at $86.05. Shares of eBay Inc. <EBAY.O> also got a boost after the Web auctioneer said its quarterly profit tripled from a year earlier on higher sales. EBay rose to $71.95 from $71.25 at Thursday's close. No. 2 network equipment maker Juniper Networks Inc. <JNPR.O> lost ground even though the company posted a fourth-quarter profit and higher revenues. Juniper sagged to $8.81 in after-hours trading from $9.23 at Thursday's close. Sun Microsystems Inc. <SUNW.O> slipped modestly after the computer maker reported its largest net loss ever, taking more than $2 billion in charges, chiefly for investment losses. Its shares eased to $3.55 from $3.70 at Thursday's close. The Nasdaq 100 after-hours indicator was down 0.7 percent. (C) Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN16135634 XHR/US Symbols: US;IBM US;EBAY US;JNPR US;SUNW XE;MSFT GB;MSF US;MSFT DE;MSFF DE;MSFX DE;JNP XE;SUNW 16-Jan-2003 21:56:54 GMT Source RTRS - Reuters News