Global Crossing (GX): The phone and data-communications company reported losses Monday of $571.8 million, or 65 cents per share. Shares of Global Crossing gained 88 cents, or nearly 5 percent, to $18.50 in morning trading.
Harmonic (HLIT): The maker of equipment used to deliver Internet connections on cable TV lines, restated its third-quarter earnings after a customer said it would return as much as $4.1 million in equipment to the company. Shares of Harmonic dropped $1.06, or about 7 percent, to $13.19.
MarchFirst (MRCH): The Internet consultancy said it is cutting 1,000 jobs, or about 10 percent of its work force, to cut costs. Shares of MarchFirst rose 47 cents, or 12 percent, to $4.38.
WebMD (HLTH): The health-focused Internet site reported a loss of $65.8 million, or 27 cents per share, compared with a loss of $55.5 million, or 28 cents per share in the year-earlier period. Analysts polled by First Call/Thomson Financial expected the company to lose 22 cents per share. Shares of WebMD rose 38 cents, or almost 4 percent, to $10.50.
Toys "R" Us (TOY): The toy seller posted a net loss of $65 million, or 32 cents per share. Analysts surveyed by First Call/Thomson Financial were expecting a loss of 33 cents per share. Shares of Toys "R" Us rose 13 cents, or almost 1 percent, to $18.38.
CMGI (CMGI): The Internet investment company said it will stop funding Web entertainment site iCast and take $90 million in charges. Shares of CMGI fell 31 cents, or about 2 percent, to $14.19.