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Hot Stocks: BMC gains
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January 3, 2001: 7:28 p.m. ET
Inktomi dips on warning; Vitria warns of shortfalls; Resonate lower
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NEW YORK (CNNfn) - The euphoria that enveloped the market following the Federal Reserve's interest-rate cut Wednesday dissipated in after-hours trading, soured by a slew of earnings warnings.
Inktomi Corp, Vitria Technology, and JDA Software dipped after issuing earnings warnings. However, BMC Software gained ground after saying it expected higher earnings in its fiscal third quarter.
Wednesday's after-hours winners
BMC Software (BMCS: Research, Estimates) up $5.12 to $20.75. The enterprise software maker said fiscal third-quarter earnings would be higher than it previously estimated. The company previously had warned two quarters in a row that it would not meet expectations.
Juniper Networks (JNPR: Research, Estimates) up 25 cents to $132.25, Extreme Networks (EXTR: Research, Estimates) up $3.44 cents to $44. The telecommunications infrastructure companies gained in after-hours trading.
Wednesday's after-hours losers
Inktomi Corp. (INKT: Research, Estimates) down $4.25 to $14.25. The company, which makes software that helps manage the flow of data over the Internet, warned that its fiscal first-quarter revenue and earnings will come in below earlier expectations.
Vitria Technology (VITR: Research, Estimates) down $3 to $5. The provider of electronic business platforms said it expects to report lower-than-expected results for its fourth quarter, citing order postponements and cancellations late in the quarter.
Resonate Inc. (RSNT: Research, Estimates) down $1.97 to $9.28. The Internet software provider said fourth-quarter sales will register below expectations due to weaker demand in the North American information technology market.
JDA Software (JDAS: Research, Estimates) down $1.69 to $8. The business software maker warned late Tuesday its fourth-quarter and 2000 financial results will fall short due mostly to a shortfall in software license revenue.
Wednesday's after-hours newsmakers
Cisco Systems (CSCO: Research, Estimates) up 31 cents to $41.62, Intel (INTC: Research, Estimates) up 6 cents to $34.28, Oracle (ORCL: Research, Estimates) down 38 cents to $31.62, Sun Microsystems (SUNW: Research, Estimates) down 69 cents to $32.31, Microsoft (MSFT: Research, Estimates) up 6 cents to $48.56, JDS Uniphase (JDSU: Research, Estimates) down $1.25 to $52.38, Dell Computer (DELL: Research, Estimates) down 16 cents to $19.84, Applied Micro Circuits (AMCC: Research, Estimates) up 25 cents to $75, Lucent Technologies (LU: Research, Estimates) down 13 cents to $15.06, Nortel Networks (NT: Research, Estimates) up 12 cents to $35, America Online (AOL: Research, Estimates) up 10 cents to $37.60, EMC (EMC: Research, Estimates) down 31 cents to $67.50. Some of the biggest names in technology stocks that soared after the Federal Reserve cut interest rates were unable to maintain positive momentum after hours.
Tumbleweed Communications (TMWD: Research, Estimates) down 12 cents to $3.12. The provider of secure Internet electronic mail services said it is planning to cut jobs and said its fourth-quarter 2000 loss will be more than double that of the year-ago period.
Techne (TECH: Research, Estimates) down 50 cents to $28. The biotech products maker said late Tuesday it expects fiscal second-quarter earnings and revenue to be about 6-to-8 percent below its original guidance, as fluctuation in exchange rates affected results.
Efficient Networks (EFNT: Research, Estimates) down 9 cents to $9.44. The broadband access company warned its fourth-quarter revenue will be below forecasts because some anticipated orders failed to come through. Deutsche Banc Alex. Brown and Robertson Stephens also downgraded the company's stock.
Chico's FAS (CHCS: Research, Estimates) up 12 cents to $28.12. The women's apparel retailer said sales for the last five weeks of 2000 rose 65.2 percent and the company was on track to reach its goal for fourth-quarter profit.
Cross Timbers Oil (XTO: Research, Estimates) unchanged at $25.44. The oil and gas company said it completed its $115 million acquisition of producing properties located in East Texas and Louisiana from Herd Producing. 
compiled by Mark Gongloff and Parija Bhatnagar from staff and wire reports
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