Tuesday's Tech Winner's and Losers

Shares of Aruba Networks(ARUN Quote) were among technology's winners Wednesday, tacking on another 9% in value a day after the maker of wireless networking products went public. On Tuesday, the company debuted with a 29% gain after it priced 8 million shares at $11 apiece, which was above the company's projected range of $8 to $10 a share. The stock was recently trading up $1.31 to $15.46.

Shares of Micronetics (NOIZ Quote) jumped 10% after the maker of microwave and radio-frequency components received a significant order for some of its products.

Micronetics said it received the order from a "major" defense company. Micronetics will supply voltage-controlled oscillators for use in handheld mine detection systems. "We worked closely with our customer over the past several years to develop high performance, high volume VCOs for this type of rugged use, and expect more demand in the near future," the company said. Financial terms were not disclosed. Shares were trading up 72 cents to $8.

Syntax-Brillian(BRLC Quote) rose 5.5% after the maker of high-definition televisions said that it sold about 2.1 million shares of stock for $15.5 million in a private placement. The company sold the stock to John Jung-Jyh Wu, CEO of TCV Group, and WesTech Electronics. "We're impressed with Syntax-Brillian's rapid ascent in the North American HDTV market and its potential to continue to capture market share into the future," Wu said. Shares were trading up 44 cents, to $8.37.

Sapient(SAPE Quote) fell 3% after the technology services company received an additional Nasdaq compliance notice. The compliance notice relates to the company's delay in filing its annual report for the period ended Dec. 31, 2006. Previously, the Nasdaq had sent a compliance notice regarding the company's delinquent quarterly reports for the periods ended June 30 and Sept. 30. The company plans to file the delinquent reports as soon as practicable, it said. Shares were trading down 22 cents to $6.87.

Other technology movers included Sun Microsystems(SUNW Quote), down 3 cents to $6.03; Intel(INTC Quote), down 11 cents to $18.95; Microsoft(MSFT Quote), up 1 cent to $27.73; CMGI(CMGI Quote), down 9 cents to $2.33; Cisco Systems(CSCO Quote), down 24 cents to $25.69; Oracle(ORCL Quote), down 26 cents to $18.23; Sirius Satellite Radio(SIRI Quote), up 3 cents to $3.29; and Apple(AAPL Quote), down 46 cents to $95.