Shares of SupportSoft(SPRT Quote) were among technology's losers Tuesday, falling 9% after the software company warned that third-quarter sales would be below expectations.
The company expects to report sales of $13 million, which is well below analysts' expectation for sales of $17.1 million, according to Thomson First Call. A year ago, SupportSoft posted sales of $12.2 million. "Although we are disappointed with our results, we did close several significant million-dollar transactions this quarter," the company said. Shares were trading down 44 cents to $4.61. Shares of CMGI(CMGI Quote) rose 6% after the company reported that it swung to a fourth-quarter profit. CMGI earned $274,000, roughly break-even on a per-share basis, on sales of $251.2 million. Last year, the company posted a fourth-quarter loss of $6.8 million, or 2 cents a share, on sales of $96.5 million. The year-over-year sales increase was largely due to the company's acquisition of Modus Media. CMGI posted pro forma operating income of $3.1 million in the latest quarter, up from a loss of $3.7 million a year ago. Shares were recently trading up 11 cents to $1.82. Shares of Amtech Systems(ASYS Quote) rose 15% after the supplier of production and automation systems for the semiconductor, solar cell, silicon wafer and microelectromechanical industries received $1.2 million in orders from customers in China and Germany. The two orders, for the company's Tempress brand diffusion furnaces, bring Amtech's backlog to roughly $14 million. "The significance of our equipment being chosen for the development of new solar cell processes could have a meaningful impact on future orders from the solar industry," the company said. "We are pleased with the recognition our company continues to receive from the rapidly growing solar cell and Chinese markets." Shares rose 86 cents to $6.75. Avaya(AV Quote) rose 3% after the software company announced a five-year contract with ABN Amro(ABN Quote). Avaya will support the international bank's migration to Internet Protocol telephony across 14 countries. Financial terms of the deal weren't disclosed. Shares were trading up 33 cents to $10.87.- Loading Comments...
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