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Markets & Stocks
Monday's after-hours trade
May 22, 2000: 9:45 p.m. ET

Cisco, Stake Technologies, Exigent, Tyco International among most active
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NEW YORK (CNNfn) - Techs continued their late-day comeback in after-hours trading, as investors scooped up everything from e-commerce providers to biotechs.

Shares of Stake Technologies (STKL: Research, Estimates) were down 3/32 at 1-9/32 in after-hours trading on Island ECN. While there was no official company news, message board rumors of a potential merger were rampant, propelling the owner/operator of technology-based businesses in the environmental sector to first-place status on Island.

graphicShares of Cisco Systems (CSCO: Research, Estimates) rose 3/16 to 55-7/16 on MarketXT and 1/4 to 55 on Island ECN. The world's leader in networking technologies got a boost with today's announcement that it will, in conjunction with Tibco Software Inc. (TIBX: Research, Estimates), unveil New Generation Plug & Play for DSL, a high-speed and wireless service to customers.

Shares of Exigent International Inc. (XGNT: Research, Estimates) rose 9/32 to 2-9/16. Shares of the business and technical engineering company were boosted by today's announcement that the company had been awarded several new high-profile contracts with customers who wished to remain nameless at this time. The stock was the second-most heavily traded on Island.

Shares of Advanced Tissue Sciences (ATIS: Research, Estimates) were up 1/16 to 4-1/4 after-hours following the late-day announcement that the company would be included in a federally funded project. ATIS's patented tissue engineering technology has been chosen to play a key role in a five-year, $10 million dollar study at the University of Washington to grow functional human heart tissue.

Shares of Tyco International Ltd. (TYC: Research, Estimates) were active but flat in after-hours trading following today's announcement that the manufacturing and services company's subsidiary, Tyco Submarine Systems Ltd. (TSSL: Research, Estimates) was being sued for $2 billion. The stock was the second most active on MarketXT.

graphicShares of Oracle (ORCL: Research, Estimates) were down 11/16  to 67-7/8 and Sun Microsystems  (SUNW: Research, Estimates) down 5/8 to 79-1/4 on MarketXT following today's announcement that the two producers of electronic commerce infrastructure products had teamed up with Veritas Software (VRTS: Research, Estimates) to form a joint problem-solving center for their customers. Back to top

--Compiled from staff and wire reports

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