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Monday's after-hours trade
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April 24, 2000: 9:27 p.m. ET
Bargain-hunters pick up Microsoft shares, software rival Red Hat also active
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NEW YORK (CNNfn) - After-hours investors sifted through the technology wreckage looking for bargains Monday and managed to find a few attractive issues.
After a broad sell-off in technology stocks during regular trading, investors on Island ECN and MarketXT braved concerns about a break-up and slow revenue growth and picked up blocks of Microsoft at sharply lower prices.
Microsoft (MSFT: Research, Estimates) rose 7/8 to 67-3/4 on Island and jumped 1-3/8 to 68 on MarketXT.
But bad news for Microsoft was good news for Red Hat Inc. (RHAT: Research, Estimates), which jumped 2-3/16 to 28-15/16 on Market XT.
Although Lucent Technologies (LU: Research, Estimates) announced the hiring of Boeing (BA: Research, Estimates) CFO Deborah Hopkins, the stock could not get out of the technology rut, falling 1/4 to 60-3/8 on Market XT.
Cisco Systems (CSCO: Research, Estimates) managed to fend off a large drop during regular trading, but shed 7/16 to 63 as the second-most-active stock on Island.
Maxtor Corp. (MXTR: Research, Estimates) was also active, gaining 1-1/2 to 11-5/16 on Island, after the disk drive maker beat first quarter earnings estimates by 2 cents. The company earned $27.6 million, or 17 cents per share.
 
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Island ECN
MarketXT
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