Friday's Small-Cap Winners & Losers

Shares of Phoenix Technologies(PTEC Quote) were among the small-cap stock losers Friday, tumbling 15% as the company lowered its fourth-quarter guidance and cut its workforce by 14%, from 471 to 403 employees.

The Milpitas, Calif.-based software company said it now expects revenue in the range of $8 million to $9 million, down from earlier guidance of $12.5 million to $14.5 million. The company expects to record a charge of roughly $2.1 million in the fourth quarter for severance related costs and other restructuring expenses. Phoenix Technologies estimates operating expenses during the first quarter of fiscal year 2007 to be about $15.5 million, down 24% from the third quarter. The company expects to report fourth quarter results on Nov. 6. Shares fell 78 cents to $4.42 in recent trading Friday.

Genesco(GCO Quote) gained 6.4% after the Nashville, Tenn.-based footwear retailer was upgraded by Wachovia to outperform from market perform.

In their report, analysts noted that Genesco is "well-positioned to benefit from strong styling trends towards fashion footwear" and raised their earnings estimates to $2.54 from $2.52 a share in fiscal 2007 and to $2.90 from $2.85 a share in fiscal 2008. Shares climbed $2.02 to $33.71 in recent trading.