Tech Stocks in Motion

Updated from 12:41 p.m. EDT

Shares of Ultratech (UTEK) rose 8.6% after the company received orders from several Southeast Asian customers for its NanoTech 190 lithography systems. The supplier of lithography and laser-processing systems used to manufacturer semiconductors and nanotechnology said the systems will be delivered to facilities in Malaysia, Thailand and China. "The high consumer demand for digital music players and other small devices with hard drives is escalating the need for steppers that can process the thin-film heads that read and write on small-format hard drives," said Ultratech's Doug Anberg. The stock finished up $1.62 to $20.55.

Shares of Quality Systems(QSII) dropped 7.4% after the company reported fourth-quarter earnings late Monday. The developer of computer-based, record-keeping applications for medical and dental practices earned $4.8 million, or 36 cents a share, compared with $3.1 million, or 24 cents a share, a year ago. Revenue rose 36% from a year ago to $25.5 million. Analysts had expected earnings of 32 cents a share on revenue of $24 million, according to Thomson First Call. The stock finished down $3.94 to $49.39.

Lattice Semiconductor(LSCC) fell 7% after shuffling its executive suite and saying that regulators are looking at a previous restatement. Lattice put CEO Cyrus Tsui and vice president of finance Rodney Sloss on a paid leave pending an independent examination by its audit committee. The committee is examining issues associated with executive compensation and several related items pertaining to internal controls. Lattice said it is not aware of any required adjustments to its historical financial results and has provided information from the review to the Securities and Exchange Commission, which is conducting an ongoing informal inquiry into the company's prior restatement of financial results. Lattice also announced that it has appointed Stephen Skaggs as acting CEO and Patrick Jones as acting chairman of the board. Skaggs joined Lattice in 1992 and served as senior vice president and CFO from 1996 until 2003. The stock closed down 2 cents to $4.48.

Game makerElectronic Arts(ERTS) signed a two-year partnership to sponsor competition between four NBA teams and the top European basketball clubs. As part of NBA Europe Live presented by EA Sports, the NBA will send four teams to play in five European countries in 2006 and 2007. The stock closed down 6 cents to $57.94.

Shares of Optical Cable(OCCF) rose 15.2% after second-quarter earnings jumped. The manufacturer of fiber-optic cable said it earned $364,000, or 6 cents a share, compared with $57,000, or a penny a share, a year ago. Revenue for the quarter ended April 30 increased 9% to $11.6 million. "The 13.7% increase in net sales during the first half of fiscal 2005 was at the upper end of our net sales percentage growth projections of high-single-digit to low-double-digit percentage growth for fiscal year 2005. However, as we have seen in recent years, we continue to expect net sales in the second half of fiscal 2005 to be stronger than the first half of the fiscal year," said CEO Neil Wilkin. The stock closed up 66 cents to $5.

Other tech stocks on the move were Sun Microsystems(SUNW), down 4 cents to $3.60; Research In Motion (RIMM), down 14 cents to $72.45; Google(GOOG), down $4.40 to $278.35; and Applied Materials (AMAT), down 8 cents to $16.90.

>To order reprints of this article, click here: Reprints