5:50 PM ET Jan 11, 2006
SAN FRANCISCO (MarketWatch) - Shares of chip technology company Rambus
Inc. were higher in active evening trading Wednesday after a Wall Street
analyst upgraded the stock.
The Nasdaq-100 After Hours Indicator, which tracks the evening action of
the index's leading shares, fell 1.41 points to 1,756.83.
Rambus, which was upgraded earlier in the day, rose 1.5% to $32.69 in late
trading, adding to a more than 18% gain notched in the regular session.
Broadcom Corp., a maker of communications chips, was also trading busily,
losing 0.3% to $58.43 after a gain of about 5% in the regular session that was
sparked after UBS put a buy rating on the company.
Internet search engine Mamma Com Inc. fell 5.4% to $3.35, giving up some
of its nearly 48% regular-session gain after it said it was unaware of any
undisclosed material developments that might account for the high volume and
price volatility that occurred in the trading of its common stock on
Wednesday.
The shares ended the regular trading session at $3.54, up 47.5%. Trading
volume was 3.8 million shares, well ahead of its average daily volume of
114,900 shares.
Other shares trading busily after the bell included Intel Corp., Yahoo
Inc., Cisco Systems Inc. and Oracle Corp, which all often see heavy interest
in the evening session because they are so widely held.
The Dow Jones Industrial Average closed up 31.86 points at 11,043.44,
while the technology heavy Nasdaq Composite ended at 2,331.36, up 11.04
points.
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