Tech Stocks in Motion

Updated from 12:22 p.m. EDT

Shares of Creative Technology(CREAF Quote) were among technology's losers Monday, falling 10.5% after the company cut its fourth-quarter sales outlook and said it would post an operating loss.

The digital entertainment products company now expects sales of $300 million, down from previous guidance of $330 million to $360 million. The company now expects gross margin to come in below 20%. Previously, it expected 22% to 24%. As a result of the revisions, the company now expects to post an operating loss for the period. The company blamed lower-than-expected demand for MP3 players and lower-than-expected average selling prices for the revised guidance. Shares traded down 78 cents to $6.64.

TiVo(TIVO Quote) rose 2.7% after the digital video recording company said that Tom Rogers would replace Mike Ramsay as president and chief executive. Ramsay, who served as CEO for seven years, announced his intention to step down as CEO in January. Rogers officially takes over for Ramsay on July 1. Rogers previously served as CEO of Primedia(PRM Quote). Before that, he served as president of NBC Cable and executive vice president of NBC. Shares of TiVo traded up 18 cents to $6.98.

Shares of Kana Software(KANAE Quote) traded actively after the company previewed first-quarter sales that fell below expectations. The company expects to post first-quarter sales of $10 million. Analysts surveyed by Thomson First Call were expecting sales of $11.2 million. As of March 31, Kana's cash position stood at about $14.2 million. Shares traded up 2 cents to $1.64.

On Monday, Titan(TTN Quote) said that it received an information technology contract that could be worth as much as $405.9 million over seven years. The U.S. Army awarded the contract. As part of the deal, Titan will compete against other awardees to provide IT services to more than 10,000 Pentagon employees and more than 90 agencies that are part of the Headquarters Department of the Army. Shares traded down 3 cents to $22.55.