Updated from 12:14 p.m.
Shares of Jacada (JCDA) were among technology's winners Wednesday, rising 27.6% after the company said a large telecom provider signed an enterprise license agreement worth several million dollars.
Jacada, a business software provider, said the agreement would not materially affect first-quarter results. The unidentified telecom company plans to implement Jacada's Fusion product into its call centers, which will help the telecom improve productivity and efficiency. Jacada said the telecom provider chose it after a successful pilot program that was initiated during the fourth quarter of 2004. Shares traded up 55 cents to $2.54.
SkillSoft (SKIL) rose 9.8% after the company posted fourth-quarter earnings that were better than expected. Excluding items, the company earned 6 cents a share on sales of $56.4 million. Analysts polled by Thomson First Call expected earnings of 3 cents a share on sales of $56.4 million. A year ago, the company earned 25 cents a share on sales of $54.8 million. Looking ahead, the maker of Internet-based employee training courses expects fiscal 2006 earnings of $8 million to $13 million, or 8 cents to 12 cents a share, on sales of $200 million to $206 million. Analysts are expecting earnings of 14 cents a share on sales of $201.6 million. Shares traded up 32 cents to $3.60.Shares of Network Equipment Technologies (NWK) fell 14.5% after the company said it expects to post a fourth-quarter loss on lower-than-expected sales. The networking equipment company expects a loss of 15 cents to 20 cents a share on sales of $23 million to $24 million. Previously, the company said it would post sales of $28 million to $32 million. Analysts are expecting earnings of 2 cents a share on sales of $30.8 million. Shares traded down 99 cents to $5.83. PC Connection (PCCC - Get Report), a seller of computer products, fell 6.4% after the company cut its first-quarter earnings and sales outlook. It now expects to post earnings of 3 cents to 5 cents a share on sales of $320 million to $325 million. Previously, it forecast earnings of 9 cents to 12 cents a share on sales of $335 million to $350 million. Analysts had been expecting earnings of 11 cents a share on sales of $340.4 million. The company blamed the shortfall on "general softness in demand." Shares traded down 41 cents to $6.05.