Wednesday's Tech Winners & Losers

Shares of Analogic(ALOG) were among technology's losers Wednesday, falling 9% after the maker of security imaging systems posted third-quarter results that fell short of expectations.

The company earned $2.5 million, or 18 cents a share, on revenue of $81.3 million. Analysts polled by Thomson First Call expected earnings of 41 cents a share on revenue of $95.4 million. During the year-earlier quarter, the company earned $28.1 million, or $2.07 a share, on revenue of $84.6 million. Year-ago results included a one-time pretax gain of $43.8 million and a writedown of 9 cents a share. Shares were trading down $5.19 to $50.01.

Fairchild Semiconductor(FCS) rose 1% after the chipmaker backed its second-quarter revenue forecast. The company continues to see sequential revenue that will be flat to down 3%. Gross margins, meanwhile, are expected to increase 50 to 100 basis points on a sequential basis. "Demand has been seasonally normal so far in the second quarter with the strongest order rates for products serving the industrial, communications and TV/display end markets," the company said. Analysts project second-quarter earnings of 20 cents a share on revenue of $403.2 million, or about 2% lower than the first-quarter revenue of $409.5 million. Fairchild plans to issue second-quarter results on July 20. Shares were trading up 16 cents to $17.14.

International DisplayWorks(IDWK) climbed 10% after the maker of liquid crystal display products received a volume production order for TFT modules from a tier-one cell-phone maker. Initial shipments to the customer, which wasn't named in the press release, are expected to begin next week. "We are obviously very pleased to have cleared all of the technical, business and factory-related requirements necessary to become an approved supplier and commence volume shipments to this very important customer," International DisplayWorks said. Shares were trading up 53 cents to $5.88.