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Markets & Stocks
Hot Stocks: Advanced Fibre
December 5, 2000: 8:33 p.m. ET

Apple sliced on warning; Home Depot, PMC Sierra up on CEO news
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NEW YORK (CNNfn) - Advanced Fibre Communications led gainers after-hours Tuesday after the company reinforced its fourth-quarter projections.

Investors punished shares of Apple Computer following a warning from the company of a revenue shortfall for the quarter ending Dec. 30. Apple's warnings put a damper on Compaq and Dell with both stocks moving into negative territory.

Tuesday's after-hours winners

Advanced Fibre Communications (AFCI: Research, Estimates) up $5.25 to $25.25. The maker of end-to-end distributed multi-service access solutions for telecommunications networks on Tuesday said it

reiterated its revenue projections for the fourth quarter of $115 million to $118 million.

Home Depot (HD: Research, Estimates) up $2.37 to $46. The home-improvement retailer said Tuesday it named Robert L. Nardelli of General Electric Co. president and chief executive officer.

i2 Technologies (ITWO: Research, Estimates) up $4.44 to $112. Pacific Growth Equities and Janney Montgomery Scott both initiated coverage of the e-commerce software company with "buy" ratings.

VeriSign (VRSN: Research, Estimates) up $2.38 to $103.75. The domain-name registration company rebounded from Monday's news that China had reiterated its claim over all Chinese language Internet domain names.

PMC-Sierra (PMCS: Research, Estimates) up 88 cents to $127.88. Bob Bailey, the chip maker's CEO, has been selected "CEO of the Year" by Electronic Business magazine.

Tuesday's after-hours losers

Apple (AAPL: Research, Estimates) down $1.97 to $15.03. Apple warned Tuesday of a huge shortfall in revenue for the quarter ending Dec. 30, which will cause the company to report its first quarterly loss in three years.

Compaq (CPQ: Research, Estimates) down $1.26 to $23.14. Dell Computer (DELL: Research, Estimates) down 75 cents to $19.50.

Tuesday's after-hours newsmakers

Microsoft (MSFT: Research, Estimates) down 12 cents to $59.75, America Online (AOL: Research, Estimates) down 8 cents to $44. Microsoft Corp. is talking to the Federal Trade Commission about the proposed AOL-Time Warner merger, a spokesman for the company confirmed Tuesday. Time Warner (TWX: Research, Estimates) is the parent company of CNNfn.

Intel (INTC: Research, Estimates) down 62 cents to $35.25, Sun Microsystems (SUNW: Research, Estimates) up $1.50 to $93.25, Cisco Systems (CSCO: Research, Estimates) up 19 cents $52.31, Hewlett-Packard (HWP: Research, Estimates) unchanged at $35, JDS Uniphase (JDSU: Research, Estimates) up 38 cents to $68.50, SDL (SDLI: Research, Estimates) up $1.25 to $246.88, eBay (EBAY: Research, Estimates) down $1 to $38.50, Texas Instruments (TXN: Research, Estimates) unchanged at $45.69, Oracle (ORCL: Research, Estimates) unchanged at $31.50. Tech stocks lost steam after-hours after a strong afternoon surge in trading Tuesday.

Nortel Networks (NT: Research, Estimates) down 75 cents to $.58, Avanex (AVNX: Research, Estimates) down 75 cents to $68.69, Newport (NEWP: Research, Estimates) down 97 cents to $94.50, Ciena (CIEN: Research, Estimates) down 31 cents to $99.50, Sycamore Networks (SCMR: Research, Estimates) down 19 cents to $59.75, Applied Micro Circuits (AMCC: Research, Estimates) up $2.50 to $64.75, New Focus (NUFO: Research, Estimates) up 78 cents to $33.50, Avici (AVCI: Research, Estimates) up 62 cents to $32.38, Oplink Communications (OPLK: Research, Estimates) down 12 cents to $18.88. Optical networking dipped into negative territory after seeing gains in afternoon trading.

3M (MMM: Research, Estimates) unchanged at $116.63. The diversified manufacturer named W. James McNerney Jr., the head of the aircraft engines division at General Electric (GE: Research, Estimates), to be its next chairman and CEO. McNerney had once been considered a top candidate to become GE's next CEO.

Lucent Technologies (LU: Research, Estimates) down 18 cents to $16.63. The world's largest telecommunications equipment maker signed an agreement worth up to $780 million to help Telefonica Moviles and Sonera build a wireless network in Germany.

Qualcomm (QCOM: Research, Estimates) up $1.19 to $100.81. China reaffirmed its intent to use the company's wireless CDMA technology.

Vyyo (VYYO: Research, Estimates) up 31 cents to $10.50. WorldCom plans to use broadband equipment maker Vyyo's wireless hubs and modems in a nationwide rollout of WorldCom's broadband wireless access services.

Brocade Communications Systems (BRCD: Research, Estimates) up $3.19 to $193. The data-storage company said it added 23 new partners certified to sell and support its switches and software that connect services with storage devices, creating a single "fabric," or virtual system.

3Com (COMS: Research, Estimates) down 9 cents to $9.94. The telecom equipment maker warned that fiscal second-quarter results and revenue will be below expectations.

Remec (REMC: Research, Estimates) up 69 cents to $12.50. The communications equipment maker fell earlier in the day despite reporting third-quarter earnings that beat Wall Street estimates by a penny a share.

Medicis Pharmaceutical (MRX: Research, Estimates) unchanged at $51.50. The prescription skin-care company fell after a competing generic version of the company's acne drug Dynacin was approved by U.S. regulators.

EMC (EMC: Research, Estimates) down 44 cents to $89.50, Network Appliance (NTAP: Research, Estimates) down 19 cents to $81.38, Veritas (VRTS: Research, Estimates) up 6 cents to $122.25. EMC, the No. 1 data-storage company, unveiled a low-priced, network-attached storage system. Network Appliance and Veritas, EMC competitors, rose despite the news earlier in the day, lifted by the general tech rally.

Transocean Sedco Forex (RIG: Research, Estimates) unchanged at $37. Janney Montgomery Scott upgraded the offshore drilling company Monday to "accumulate" from "hold."

Jabil Circuit (JBL: Research, Estimates) unchanged at $39.75. Credit Suisse First Boston upgraded the chip maker to "strong buy" from "buy."

TriQuint Semiconductor (TQNT: Research, Estimates) down 81 cents to $53.61. Credit Suisse First Boston initiated coverage of the chip maker with a "buy" rating.

Corning (GLW: Research, Estimates) down 13 cents to $69. Corning, once famous for its heat-resistant cookware, said Monday it will spend $22 million in its first corporate advertising campaign in 30 years, to make sure people know it has moved into fiber optics.

Century South Banks (CSBI: Research, Estimates) down 6 cents to $30.50. Regional bank BB&T (BBT: Research, Estimates) plans to buy Century South Banks in a $428.2 million stock swap. graphic





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.