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Tuesday's after-hours trade
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June 20, 2000: 9:05 p.m. ET
Oracle Corp., Digital Island, Rambus, Intel, Red Hat most active issues
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NEW YORK (CNNfn) - Opportunities fostered in regular trade as well as late-day earnings announcements spurred on investors in the after-hours.
Following today's announcement of better than expected fiscal fourth quarter profits, shares of Oracle Corp. (ORCL: Research, Estimates) dropped 2-39/64 to 83-7/16 as the most active issue on MarketXT and 2-21/32 to 83-3/8 on Island ECN. The drop was attributed to lower than expected growth in database revenue for the world's number two software company.
 Shares of Digital Island (ISLD: Research, Estimates) rocketed up 31 percent in regular trade following news that the network services provider will form what it is calling the largest online streaming media venture in the world. After-hours investors weren't impressed, pulling the shares down 1 to 44-3/16 as the most active issue on Island ECN.
Linux player Red Hat (RHAT: Research, Estimates) shot up 19 percent in the regular trade following news that it had expanded its relationship with Dell Computer. The two companies will create the One Source Alliance, a program which will speed up commercial adoption of the Linux system. After knocking it down throughout the evening, traders on Island ECN leveled the stock off at a steady 30-3/16.
Intel (INTC: Research, Estimates)'s announcement that it will take a $200 million charge in the second quarter to cover the costs of a defect in its motherboards sent shares of the stock down 1-3/16 to 137-1/8 on Market XT.
 Chipmaker Rambus (RMBS: Research, Estimates) on Monday licensed a number of its products to Japan's Toshiba Corporation. After rising 3-9/16 to 94-13/16 in the regular day's trade, the stock dropped 1-3/16 to 93-5/8 on Island ECN. 
--from staff and wire reports
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Island ECN
MarketXT
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