Tech Stocks in Motion

Updated from 3:28 p.m. EDT

Shares of Teletech Holdings(TTEC Quote) were among technology's losers Thursday, falling 29% after the company posted first-quarter results that fell short of Wall Street estimates.

The provider of customer management and business process outsourcing services earned $2.7 million, or 4 cents a share, on sales of $254.3 million. Analysts polled by Thomson First Call were expecting earnings of 9 cents a share on sales of $260.8 million. A year ago the company earned $1.4 million, or 2 cents a share, on sales of $268 million. As a result of the migration of certain client programs to international locations and its Newgen unit taking longer than expected to implement a large new client program, the company believes that second-quarter sales will be comparable to first-quarter results. Analysts are expecting sales of $275.8 million. Shares traded down $3.14 to $7.70.

Imation(IMN Quote) rose 1.2% after the company raised its quarterly dividend by 20%. The data storage products company will now pay a cash dividend of 12 cents a share, up from 10 cents a share. The dividend will be payable June 30 to shareholders of record on June 15. Shares traded up 42 cents to $35.14.

Shares of InterVideo(IVII Quote) rose 24.4% after the company posted strong first-quarter results and said it struck a partnership deal with Google(GOOG Quote). The software company earned $2.7 million, or 17 cents a share, on sales of $21.9 million during the first quarter. The one-analyst forecast called for earnings of 11 cents a share on sales of $20 million. A year ago the company earned $2.6 million, or 17 cents a share, on sales of $18.8 million. Looking ahead, InterVideo forecast second-quarter earnings of 16 cents to 18 cents a share on sales of $27 million to $30 million. The one-analyst estimate calls for earnings of 11 cents a share on sales of $19 million.