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Hot Stocks: Techs wobble
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December 15, 2000: 5:24 p.m. ET
Microsoft makes modest recovery in after-hours trading; tech sector see-saws
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NEW YORK (CNNfn) - Technology stocks wobbled in after-hours trading Friday following an earnings warning from Microsoft late Thursday.
Microsoft edged up slightly, joined by Intel, Cisco and Qualcomm.
Friday's after-hours newsmakers
Microsoft (MSFT: Research, Estimates) up 13 cents to $49.19. The world's leader among software makers warned late Thursday that revenue and earnings for the fiscal second quarter would be below forecasts because of a worldwide slowdown in personal computer sales.
NetIQ (NTIQ: Research, Estimates) up 69 cents to $84.50. The company, which develops software for handling the basic plumbing of corporate computer networks, was hurt by the fall of Microsoft, which is one of NetIQ's software product licensers, market watchers said.
EMC (EMC: Research, Estimates) up 87 cents to $69. Bear Stearns cut the data-storage company to "attractive" from "buy," citing many of the same factors that hurt Microsoft.
Intel (INTC: Research, Estimates) up 69 cents to $33.13, Compaq Computer (CPQ: Research, Estimates) down 10 cents to $17.25, Qualcomm (QCOM: Research, Estimates) down $5.19 to $82.88, ADC Telecommunications (ADCT: Research, Estimates) down $1.56 to $21.25, Cisco (CSCO: Research, Estimates) up 84 cents to $49, Qualcomm (QCOM: Research, Estimates) up 38 cents to $79.94. Other technology and telecommunications stocks fell in Microsoft's wake.
Clorox (CLX: Research, Estimates) unchanged at $29.06. The maker of its namesake bleach, Glad plastic bags and other household products said Thursday that earnings in its current second quarter will fall 3 cents a share below year-ago levels on lower volume and declining sales.
Oracle (ORCL: Research, Estimates) unchanged at $28.56. The database software maker reported fiscal second-quarter earnings late Thursday that were slightly above forecasts.
Artesyn Technologies (ATSN: Research, Estimates) up 19 cents to $15.69. The company, which sells products for power conversion and industrial automation applications, said its fourth-quarter earnings would fall well below Wall Street expectations.
Lionbridge Technologies (LIOX: Research, Estimates) up 3 cents to $3.31. The multilingual business-software maker warned Thursday its fourth-quarter revenue would be 15 percent lower than previously expected, as clients deferred project start dates to the first half of 2001.
C-Cube Microsystems (CUBE: Research, Estimates) up 25 cents to $12. Deutsche Banc Alex. Brown downgraded the TV set-top box technology company to "buy" from "strong buy."
Fomento Economico Mexicano (FMX: Research, Estimates) unchanged at $30.13. Goldman Sachs downgraded the Mexican bottler and brewer to "market perform" from "market outperform," and Deutsche Banc Alex. Brown cut it to "buy" from "strong buy," based on slow beer sales.
Resources Connection (RECN: Research, Estimates) unchanged at $16. The professional-services firm priced its IPO at $12, the bottom of its price range.
American Financial Group (AFG: Research, Estimates) unchanged at $23. The insurance company increased the number of shares offered in a secondary offering to 7.25 million from 6.25 million and priced the shares at $19.63.
Barrett Resources (BRR: Research, Estimates) unchanged at $47.06. The oil and gas exploration company said the Wyoming Department of Environmental Quality approved several of the company's applications to remove water from hundreds of wells and undeveloped well sites in the Powder River Basin, allowing them to look for oil there. It also expects approval within 30 days of applications to de-water hundreds more wells.
PG&E (PCG: Research, Estimates) unchanged at $24.06. The California power company was upgraded to "buy" from "market perform" by Deutsche Banc Alex. Brown.
Azurix (AZX: Research, Estimates) down 6 cents to $8. The water-services company controlled by energy provider Enron (ENE: Research, Estimates) said its board agreed to a buyout plan by Enron under which stockholders would receive $8.38 a share, up from a previous offer of $7 a share. 
-- compiled by Mark Gongloff and Parija Bhatnagar from staff and wire reports
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