Wednesday's Tech Winners & Losers

Shares of American Technology(ATCO Quote) were among technology's losers Wednesday, sliding 19% after the audio technology company cut its revenue forecast and announced the termination of its chief financial officer.

The company now sees revenue of $2 million to $2.5 million, down from an earlier view of $3 million to $4 million. American Technology blamed the shortfall on an order push-out by one of its customers. Separately, American Technology said that Tom Brown, the company's CEO, would now serve as interim CFO, replacing Steve Stringer. Shares were trading down 84 cents to $3.52.

Among the winners was Eclipsys(ECLP Quote), which was rising 11% after news the health care information technology company won a contract with Cleveland, Ohio-based University Hospitals. The hospital system will use Eclipsys' Sunrise Clinical Manager software and its fully integrated modules to connect its physicians, nurses, pharmacists, other clinicians and administrators. Shares were recently trading up $1.90 at $18.94.

Shares of Cbeyond(CBEY Quote) fell 3% after the voice, mobile and broadband services company filed a registration statement with the Securities and Exchange Commission to sell up to 4.1 million shares of stock in a secondary offering. The shares are being offered by existing shareholders, meaning that Cbeyond will not receive any proceeds from the sale. Shares were recently trading down 32 cents, or 1%, at $27.23.

Shares of Oracle(ORCL Quote) were climbing 11% after the software giant posted first-quarter results that beat expectations.

The company earned $670 million, or 13 cents a share, on revenue of $3.59 billion. Excluding items, the company earned $931 million, or 18 cents a share. Analysts polled by Thomson First Call expected earnings of 16 cents a share on revenue of $3.47 billion. During the year-earlier period, the company posted adjusted earnings of $738 million, or 14 cents a share, on revenue of $2.77 billion. Shares were trading up $1.84 to $17.97.