Today's Tech Winners and Losers

Shares of Open Text(OTEX Quote) were among technology's losers Friday, slumping 17% after the software company posted weaker-than-expected third-quarter results, offered a soft revenue guidance and named a new financial chief.

For the third quarter ended March 31, the company earned $7.3 million, or 15 cents a share, on revenue of $100.9 million. Excluding items, the company earned $13.7 million, or 27 cents a share. Analysts polled by Thomson First Call expected a profit of 29 cents a share, before items, on revenue of $106.4 million. A year earlier, Open Text earned $5.3 million, or 10 cents a share, on revenue of $105.2 million. Excluding items, the year-earlier profit was $10.7 million, or 21 cents a share.

Looking ahead, Open Text sees fourth-quarter earnings of 25 cents to 35 cents a share, with revenue of $100 million to $110 million. Analysts project earnings of 33 cents a share and revenue of $114.3 million. The company also announced that Paul McFeeters will become chief financial officer on June 1. He'll replace Alan Hoverd, who will take on a new role as executive vice president of strategic initiatives. Open Text shares were down $3.33 to $15.78.

Axcelis Technologies(ACLS Quote) jumped 14% after the maker of semiconductor-processing equipment posted in-line first-quarter earnings and projected second-quarter results above analysts' expectations. The company earned $545,000, or 1 cent a share, on revenue of $97.9 million. Analysts expected earnings of 1 cent a share and revenue of $96.2 million. During the year-earlier quarter, the company earned $1.9 million, or 2 cents a share, on revenue of $100 million.

Axcelis sees second-quarter earnings of 10 cents to 14 cents a share and revenue of $112 million to $122 million. Analysts project earnings of 4 cents a share, with a top line of $102.9 million. Shares were up 87 cents to $6.91.