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ADOBE SYSTEMS (ADBE, 63.75)- The software maker beat estimates by 4 cents as it earned 46 cents per share, excluding charges and one-time gains, in its fourth quarter.  Revenues increased 14.2% in the quarter to $281.8 million.  The company said it is still targeting 20% revenue growth and 30% earnings growth next year.  The shares rose 5.75 in after hours trading on the news.

ELECTRO SCIENTIFIC (ESIO, 62.94)- The semiconductor equipment maker beat estimates by 5 cents as second quarter earnings rose 176% to 51 cents per share.  Revenues increased 37% to $66.9 million, and gross margins improved by 2.3 percentage points from the first quarter to 54.2%.  Esio said its Asian business was strong.

MAXTOR CORP (MXTR, 5.53)- The disk drive maker said it expects fourth quarter earnings to be "significantly better" than current analysts' estimates.  The company now sees a loss of 18 cents or less in the quarter, analysts were looking for a loss of 44 cents.

NIKE INC (NKE, 42)- The athletic shoemaker beat estimates by 4 cents as second quarter earnings rose 58% to 38 cents per share.  Revenues rose 8% to $2.1 billion in the quarter, with footwear sales increasing 16% and apparel sales dropping 2%.

ASTEC INDUSTRIES (ASTE, 15.25)- The maker of paving equipment and asphalt mixing plants warned that fourth quarter earnings will fall short of expectations.  The company now sees earnings of $0.18-$0.22 in the quarter, compared to analysts' expectations of 33 cents.  Astec attributed the lowered forecast to weak international sales.

CMGI INC (CMGI, 199.75)- The Internet venture firm lost $1.08 per share in its fiscal first quarter, beating estimates of a loss of $1.76.  Revenues increased 231% to $123.7 million in the quarter.  Revenues in the company's Internet segment increased 352% sequentially to $85.1 million in the quarter, but operating losses in the Internet segment increased 422% sequentially to $277 million.   The shares jumped 33.25  to 233 in after hours trading after the company announced a 2 for 1 stock split.

INTERNAP NETWORK SERVICES (INAP, 142)- The maker of Internet traffic control software announced a 2 for 1 stock split.  The shares rose 10.50 in after hours trading on the news.

NS GROUP INC (NSS, 9.68)- The maker of tubular steel products warned that its fiscal first quarter loss will be wider than expected.  The company now sees a loss of 60 cents per share in the quarter, compared to analysts' expectations of a loss of 35 cents.  The company blamed the reduced expectations on higher scrap steel prices and a delayed blast furnace opening.

SAUER INC (SHS, 12.38)- The maker of hydraulic systems warned that lower than expected sales and unplanned merger related costs during the fourth quarter will result in a fourth quarter loss.  SHS sees a loss of 6 cents per share in the quarter, analysts were looking for a profit of 14 cents.

ADVANCED LEARNING SYSTEMS (ALSI, 22.63)- The software maker warned that fourth quarter earnings will fall short of estimates.  The company sees $0.08-$0.10 per share in the quarter.  Analysts were looking for 17 cents.  The company attributed the shortfall to the late shipment of a software upgrade, slow sales in California, and Y2K related spending cuts by many companies.

CACHEFLOW INC (CFLO, 141.5)- The maker of Internet caching products said its second quarter loss widened to 22 cents per share from last year's 18 cents.  Revenues increased 34% sequentially to $4.8 million in the quarter.

INACOM CORP (ICO, 9)- The computer distributor warned that it will report a much wider than expected fourth quarter loss of $0.50-$0.75 per share.  Analysts were looking for a loss of 15 cents in the quarter.  The company attributed the lowered expectations to a planned restructuring that will result in the company eliminating 1,000 jobs, and to a Y2K related spending freeze by many companies. 

NEW ENGLAND BUSINESS SERVICE (NEB, 22.68)- The business forms distributor said it expects second quarter earnings to come in at or above current estimates of 62 cents per share.  The company attributed the improved outlook to strong sales of greeting cards.

ORACLE CORP (ORCL, 76.94)- The database software maker beat estimates by four cents as second quarter earnings rose 40% to 26 cents per share.  Revenues increased 9.5% from the prior year to $2.3 billion in the quarter.  Software license sales rose 18% in the quarter, with the strongest growth coming in applications software, which rose 31% to $168 million.  The shares jumped 8 points in after hours trading on the news.

PETSMART INC (PETM, 5.56)- The pet supply retailer has agreed to sell its 92 United Kingdom pet stores to retailer Pets At Home in a $49 million deal.

ETZ LAVUD LTD (ETZ, 7)- The Israeli real estate developer and wood products maker reported a third quarter loss of 35 cents per share, compared to last year's profit of 24 cents.  Revenues in the quarter fell to $25.4 million from last year's $29.6 million.

HAUPPAUGE DIGITAL (HAUP, 26)- The maker of multimedia add-in cards for PC's beat estimates by 2 cents as fourth quarter earnings increased to 13 cents per share from last year's 7 cents.  Revenues rose 27% to $15.7 million in the quarter.

NET2PHONE INC (NTOP, 63.88)- The provider of Internet telephony services reported a narrower than expected third quarter loss of 11 cents per share, compared to expectations of a loss of 15 cents.  Revenues increased 19% sequentially to $13.1 million in the quarter, and gross margins improved to 48% from the second quarter's 46%.  The shares are up 2.38 to 66.25 in pre-open trading on the news.

PIER 1 IMPORTS INC (PIR, 6)- The home furnishings retailer beat estimates by two cents as it earned 16 cents per share in the third quarter, a decline from last year's 19 cents.  Revenues in the quarter increased 8.6% to $298.2 million, and same store sales rose 2.8%.

SOLECTRON CORP (SLR, 91)- The electronics manufacturer met expectations as fiscal first quarter earnings increased 38.5% to 36 cents per share, before a one-time charge.  Revenues rose 28.6% to $2.5 billion in the quarter.

3COM CORP (COMS, 44.81)- The networking company filed to offer shares in its Palm Inc division in an IPO.  The shares are up 3.5 in pre-open trading on the news.

FOUNDRY NETWORKS INC (FDRY, 277.75)- The maker of Internet routers and switching products announced a 2 for 1 stock split.  The shares jumped 50.25 to 328 in after hours trading.

HUMPHREY HOSPITALITY TRUST (HUMP, 6.67)- The hotel real estate investment trust siad third quarter lease revenues rose 2% to $8.85 million, and funds from operation increased 7% to 44 cents per share in the quarter.

KINNARD INVESTMENTS (KINN, 6.88)- An arbitration panel has ordered investment banking firm Dain Rauscher (DRC, 44.94) to pay the company $16.22 million in punitive and compensatory damages.

NPC INTERNATIONAL (NPCI, 12.50)- The Pizza Hut franchisee warned on Sunday that third quarter earnings will fall short of current estimates due to lower than expected same store sales growth and higher labor costs.  The company sees earnings of $0.18-$0.21 in the quarter. Analysts were looking for 25 cents.

STATIA TERMINALS GROUP NV (STNV, 7.75)- The oil terminal operator said it will take two charges totaling $1.75 million to cover damages that occurred during Hurricane Lenny last month.  The company also said the hurricane will lower fourth quarter revenues by$1.5 million and earnings by $400,000.  Analysts were looking for the company to earn 12 cents per share in the quarter.

STONE ENERGY CORP (SGY, 35.13)- The oil and gas exploration company warned that fourth quarter oil and gas production volumes will fall short of expectations 

U.S. GLOBAL INVESTORS (GROW, 1.25)- The investment advisory company earned two cents per share in its fiscal first quarter, compared to last year's loss of five cents.  Revenues in the quarter were flat at $2 million.