Today's Tech Winners and Losers

Shares of Synnex(SNX) were among technology's winners Friday, rising 7% after the information technology supply-chain services company posted first-quarter results that topped forecasts.

The company earned $10.7 million, or 34 cents a share, on revenue of $1.5 billion. Excluding stock-based compensation costs, Synnex earned $11.2 million, or 36 cents a share. Analysts polled by Thomson First Call expected earnings, including stock-based compensation costs, of 33 cents a share and revenue of $1.45 billion. During the year-earlier period the company earned $9.7 million, or 31 cents a share, on revenue of $1.31 billion.

Looking ahead, Synnex sees second-quarter earnings of $10.9 million to $11.6 million, or 35 cents to 37 cents a share, excluding one-time items and stock-based compensation costs. Synnex said the compensation expense would be about 2 cents to 3 cents a share during the second quarter. Analysts project earnings of 34 cents a share. The company predicts revenue of $1.45 billion to $1.5 billion, bracketing analysts' average estimate of $1.47 billion. Synnex shares recently were trading up $1.24 to $19.72.

Shares of Google(GOOG) rose 8% after Standard & Poor's said it plans to add the Internet search company to its S&P 500 index after the close of trading on March 31. Google will replace Burlington Resources(BR), which is being acquired by ConocoPhillips(COP). Google shares recently traded at $367.73, up $25.84.

Palm(PALM) rose 2% after the maker of handheld gadgets posted better-than-expected third-quarter results and gave a fourth-quarter projection that topped forecasts. The company earned $29.9 million, or 28 cents a share, on revenue of $388.5 million. Excluding items, Palm earned $19.8 million, or 19 cents a share. Wall Street expected earnings of 16 cents a share, before items, on revenue of $374.7 million. A year earlier the company earned $10.6 million, or 10 cents a share, before items, on revenue of $285.3 million.