Today's Tech Winners and Losers

Maxtor(MXO Quote) fell 3% after the hard drive maker put its first-quarter results below expectations and said it would eliminate 900 jobs in Singapore. The company sees a first-quarter loss of $100 million to $104 million, or 39 cents to 40 cents a share. Analysts project a smaller loss of 18 cents a share. Maxtor estimates revenue of $875 million to $885 million, compared with Wall Street's forecast of $964.6 million. The company said it was hurt by lower-than-expected unit volume growth and by marginal merger-related market share losses. The company, which is being acquired by Seagate Technology(STX Quote), also said that it was unable to realize some component cost improvements that it had expected.

As a result of the lower volume growth, Maxtor said it cut its production schedule during the first quarter. As a result, the company will eliminate the 900 positions at its Singapore plant over the next several weeks, it said. Maxtor expects to take a $6 million reserve related to the job cuts. Shares were trading down 33 cents to $9.75. Seagate shares fell 80 cents, or 3%, to $26.89.

Shares of United Online(UNTD Quote) rose 2.5% after Standard & Poor's said it plans to add the Internet-service provider to its S&P SmallCap 600 index after the close of trading on April 10. United Online will replace Burlington Coat Factory(BCF Quote), which is being acquired by Bain Capital Partners. Shares of United Online were trading up 32 cents to $13.11.

Other technology movers included Lucent Technologies(LU Quote), up 6 cents to $3.10; Apple Computer(AAPL Quote), up $4.26 to $65.43; Ciena(CIEN Quote), down 7 cents to $4.84; Intel(INTC Quote), up 4 cents to $19.34; Oracle(ORCL Quote), up 15 cents to $13.99; Microsoft(MSFT Quote), up 3 cents to $27.67; Sun Microsystems(SUNW Quote), unchanged at $5.11; JDS Uniphase(JDSU Quote), up 1 cent to $3.92; Applied Materials(AMAT Quote), up 29 cents to $18.05; and Cisco Systems(CSCO Quote), up 18 cents to $21.74.