The Nasdaq-100 After Hours Indicator, which tracks the evening action of the technology index's leading shares, was up 0.47 points to 1462.15.
Apple Computer (AAPL: news, chart, profile) shares traded down to $40.25 after reporting a second-quarter net profit of $290 million, or 34 cents a share, on $3.24 billion in revenue. Analysts surveyed by Thomson First Call had forecast Apple to earn 24 cents a share on $3.21 billion in revenue. Apple shares were off more nearly 4% at $41.01 at the close of the regular session.
AMD (AMD: news, chart, profile) shares rose to $17.64 before a trading halt after it said it intends to spin off its flash memory unit, called Spansion, in an initial public offering. The venture is 60% owned by AMD and 40% by Fujitsu. The number of shares to be sold in the IPO and the estimated price range haven't been determined. AMD's flash unit has been suffering from weak sales prices for the chips used in cell phones.
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