Thursday's Tech Winners & Losers

Shares of Amdocs(DOX Quote) were among technology's losers Thursday, sliding 10% after the software maker cut its 2007 revenue forecast.

The company now sees revenue of $2.83 billion to $2.91 billion, below its previous forecast of $2.89 billion to $2.97 billion. Analysts polled by Thomson First Call had an average estimate for revenue of $2.93 billion. "We continue to see demand for our products and services as major service providers around the world continue to embark on transformation and convergence projects, but not at the same pace that we had expected," the company said.

Amdocs still expects adjusted first-quarter earnings of 50 cents a share, with revenue of about $690 million. Analysts project earnings of 50 cents a share and revenue of $691.1 million. Shares were trading down $4.12 to $35.21.

CDC(CHINA Quote) rose 2% after the company backed its 2006 and 2007 revenue projections. The company, which operates China.com, continues to estimate 2006 revenue of $303 million to $307 million. It projects adjusted income of $32 million to $33.3 million. Analysts project income of $32.6 million on revenue of $304.9 million.

For 2007, CDC still expects revenue of $401 million to $411 million, bracketing analysts' mean estimate of $405.2 million. The company predicts adjusted income of $55 million to $60 million, compared with Wall Street's forecast of $56.5 million. Shares were adding 22 cents to $9.99.