Tuesday's Tech Winners & Losers
01/23/07 - 12:25 PM EST
Shares of Alcatel-Lucent (ALU)
were among technology's losers Tuesday, sliding 8% after the telecom-equipment maker warned that fourth-quarter revenue would be short of Wall Street's expectation.
The Paris-based company estimates revenue of 3.87 billion euros, or roughly $5.02 billion. Analysts polled by Thomson Financial project revenue of $5.33 billion. On a pro forma basis, adjusting for the Alcatel and Lucent merger, the company projects revenue of 4.42 billion euros. That's down from 5.25 billion euros a year earlier. Meanwhile, the company projects break-even operating results, down from a profit of 570 million euros a year ago. Shares were trading down $1.13 to $13.06.
plunged 24% after the technology outsourcing company put fourth-quarter results well below Wall Street's forecast. The company expects to report earnings of 7 cents to 9 cents a share, with revenue of about $59 million. Analysts project a profit of 16 cents a share on revenue of $64.8 million. Shares were trading down $3.19 to $9.55.
traded actively after the telecom-equipment maker posted mixed fourth-quarter results. Tellabs reported posted fourth-quarter earnings of $29 million, or 7 cents a share. Excluding items, the company earned $47 million, or 10 cents a share, a penny above analysts' mean estimate. Revenue totaled $455 million, shy of Wall Street's projection of $463.4 million. In the year-earlier period, Tellabs recorded adjusted earnings of $100 million, or 22 cents a share, on revenue of $521 million.
For the first quarter, Tellabs anticipates revenue of $445 million to $455 million, below analysts' projection of $495.2 million. Shares were trading up 7 cents to $10.09.
Shares of Mindspeed Technologies (MSPD)
rose 7% after the network-equipment concern posted in-line results and gave a revenue forecast that pleased investors. The company reported a first-quarter loss of $11.3 million, or 10 cents a share, on revenue of $30.2 million. Excluding items, the loss was $6.3 million, or 6 cents a share. Analysts expected a loss of 6 cents a share and revenue of $30.2 million. During the year-earlier period, the company posted a loss of $5.5 million, or 5 cents a share, on revenue of $33.2 million.
For the quarter ending in March, Mindspeed projects sequential revenue growth of 7% to 13%, which implies revenue of $32.3 million to $34.1 million. Analysts project revenue of $32.8 million. Shares were trading up 13 cents to $1.98.
Texas Instruments (TXN)
rose 4% after the chipmaker posted better-than-expected fourth-quarter results. The company earned $668 million, or 45 cents a share, on revenue of $3.46 billion. The results included a tax benefit of 5 cents a share. Analysts expected earnings of 38 cents a share and revenue of $3.43 billion. During the year-earlier quarter, the company earned $655 million, or 40 cents a share, on revenue of $3.32 billion.
Looking ahead, Texas Instruments forecast first-quarter earnings of 28 cents to 34 cents a share. The company sees revenue of $3.01 billion to $3.28 billion. Analysts project earnings of 35 cents a share and revenue of $3.3 billion. Shares were trading up $1.21 to $29.80.
Other technology movers included Cisco Systems (CSCO)
, down 13 cents to $26.40; Apple (AAPL)
, up 11 cents to $86.90; Intel (INTC)
, up 5 cents to $20.84; Sirius Satellite Radio (SIRI)
, up 10 cents to $3.95; Microsoft (MSFT)
, up 9 cents to $30.81; Sun Microsystems (SUNW)
, unchanged at $5.75; Level 3 Communications (LVLT)
, up 2 cents to $5.95; Applied Materials (AMAT)
, down 1 cent to $17.95; and Oracle (ORCL)
, up 21 cents to $17.21.