Tech Stocks in Motion

Updated from 12:51 p.m. EDT

Shares of Opsware(OPSW) were among technology's winners Friday, rising 21.8% after the company posted in-line first-quarter results on sales that were better than expected.

The software company reported a loss of $5.1 million, or 5 cents a share, on sales of $12.6 million. Excluding items, the company would have reported a loss of $3.1 million, or 3 cents a share. Analysts surveyed by Thomson First Call were expecting a loss of 3 cents a share on lower sales of $12.2 million. A year ago, the company earned $2 million, or 2 cents a share, on sales of $7.3 million. During the quarter, the company signed more than twice as many deals than it did during the previous quarter. Its non-EDS(EDS) sales grew more than 200% vs. a year ago. Shares traded up 91 cents to $5.08.

Intellisync(SYNC) fell 20.6% after the company posted third-quarter earnings results that fell short of expectations. The software company posted a loss of $4.4 million, or 7 cents a share, on sales of $15.2 million. On a pro forma basis, the company reported a loss of $2 million, or 3 cents a share. Analysts were expecting break-even results on sales of $14.9 million. A year ago, the company posted earnings of $22,000 on sales of $11 million. Looking ahead, carrier sales, which represented more than 15% of total sales in the most recent period, are expected to represent about 20% during the fourth quarter. Shares traded down 63 cents to $2.43.

Shares of Engineered Support Systems(EASI) fell modestly after the company said it received a contract that could be worth up to $151 million over the next four years. The contract calls for the company to reset, or refurbish, about 4,000 generator sets for the U.S. Army. The generator sets, which were used by American forces in Southwest Asia, have been exposed to large amounts of fine desert dust and sand, and exposed to long periods of extreme heat. The "time and material" contract calls for an initial funding level of $4 million. Shares traded down 1 cent to $36.89.