NEW YORK (CNNfn) - Shares of Cisco rose after the bell Friday on news the company is restructuring its business into 11 technology groups.
Cisco (CSCO: Research, Estimates) said it aims to clear up the blurring lines between customer segments. Company executives also said that the company's current quarter so far is tracking with expectations.
The stock rose 94 cents to $17.70 after hours.
The news also sent stocks of communications chipmakers higher in extended hours trade. Applied Micro Circuits (AMCC: Research, Estimates) rose 57 cents to $14.05, PMC Sierra (PMCS: Research, Estimates) rose $1.12 to $33 and Vitesse (VTSS: Research, Estimates) rose 62 cents to $14.50.
Networking-software company Novell (NOVL: Research, Estimates) reported third-quarter earnings before certain charges that beat Wall Street expectations. The company also said it expects to break even in the fourth quarter, before certain items.
After hours, Novell shares rose 20 cents to $4.50.
Bookseller Borders Group (BGP: Research, Estimates), the No. 2 U.S. book retailer, broke even per share for the second quarter as it battled difficult sales comparisons to last year's Harry Potter craze.
The Ann Arbor, Mich.-based retailer said its net profit for the quarter ended July 29 was $100,000, or nil per share, compared with a loss of $1.6 million, or 2 cents a share, a year ago. Analysts polled by First Call expected the retailer lose a penny per share.
VA Linux Systems (LNUX: Research, Estimates) posted a large fourth-quarter loss, three months after the company said it would exit the computer hardware business and focus on providing software and services for the alternative Linux operating system.
VA Linux posted a fourth-quarter loss of $290 million, or $5.58 per share, compared with a loss of $47.5 million and $1.15 per share in the year-ago quarter.
The stock fell 8 cents to $1.65 after hours.
Casino operator Mandalay Resort Group (MBG: Research, Estimates) reported that second-quarter earnings fell nearly 20 percent, in line with a warning earlier this month that results were hurt by weak performance at its lower-end Nevada resorts.
Las Vegas-based Mandalay, whose resorts include Circus Circus and Luxor, reported second-quarter net income of $30.5 million, or 40 cents per diluted share, versus $38.1 million or 48 cents per share a year ago. Revenue for the quarter totaled $644 million, compared with $639 million a year ago. The consensus second-quarter earnings estimate among analysts polled by First Call was 41 cents per share.
Telecommunications equipment maker ADC Telecommunications (ADCT: Research, Estimates) reported a third-quarter pro-forma loss compared with a year-ago profit, and warned that it expected fourth-quarter earnings in the low end of estimates.
ADC shares rose 12 cents to $4.30. 
-- from staff and wire reports
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