Tech Stocks in Motion

Shares of Interwoven(IWOV Quote) were among technology's losers Thursday, falling 7% after the company cut its second-quarter forecast.

The data management software company expects to report a loss of 1 cent a share or post break-even results on sales of $40.5 million to $41.5 million. Excluding items, the company expects to post earnings of 5 cents to 6 cents a share. Analysts surveyed by Thomson First Call had been expecting earnings of 6 cents a share on sales of $44 million. "Our second-quarter results were impacted by several deals that slipped and did not close by the end of the quarter," the company said. Shares were trading down 55 cents to $7.12.

Ciber(CBR Quote) fell 8% after the company slashed its second-quarter forecast. The company, which provides information technology consulting services, now expects earnings of 10 cents a share on sales of $239 million to $240 million. Previously, the company forecast earnings of 13 cents to 14 cents a share on sales of $244 million to $248 million. Analysts had been expecting earnings of 14 cents a share on sales of $245.1 million. Results were hurt by foreign exchange weakness in Europe and by high costs associated with Danish projects. Shares were trading down 61 cents to $7.42.

Shares of Integrated Device Technology(IDTI Quote) fell 5% after the company lowered its first-quarter sales forecast. The company now expects to post a sequential sales decline of 3% to 4%. Previously, the company said that it would post flat sales to up 4%. During the fourth quarter the company reported sales of $97.1 million. Analysts are expecting first-quarter sales of $99.8 million. IDT blamed the shortfall on general weakness across most of its end markets, excluding its enterprise business, and on softness in distribution sales. Shares were trading down 51 cents to $10.43.