Monday's Tech Winners & Losers
The agreement calls for e-Future to build a business-to-business platform to integrate J&J's supply chain management systems in China. Financial details were not disclosed. Shares of e-Future were trading up $5.36 to $36.77.
Futuremedia (FMDAD) jumped 37% after the online education company said it is now in compliance with Nasdaq listing requirements. The company had been in danger of delisting since July for not meeting Nasdaq's bid-price requirement of $1 a share. Shares recently were trading up 87 cents to $3.20.
Shares of SigmaTel (SGTL) climbed 11% after the chipmaker said its audio technology will be used in televisions made by Samsung Electronics. "We are thankful for our design win at Samsung; collaborating with the largest television manufacturer is a great opportunity for SigmaTel's TV audio product line," SigmaTel said in a press release. Terms of the deal weren't disclosed. Shares of SigmaTel were adding 39 cents to $4.06.Sify (SIFY) fell 11% after the Internet and networking company posted third-quarter results. For the quarter ended Dec. 31, the company earned $940,000, or less than a penny a share, on revenue of $31.5 million. The results included a currency exchange loss of $470,000 and a provision for doubtful accounts of $1.56 million. The lone analyst estimate called for earnings of 3 cents a share on revenue of $31 million. A year earlier, Sify reported a loss of $240,000, or less than a penny a share, on revenue of $27.2 million. Shares were trading down 97 cents to $8.12. Other technology movers included Sun Microsystems (SUNW), down 9 cents to $5.68; Intel (INTC), down 14 cents to $20.68; Cisco Systems (CSCO), down 47 cents to $26.23; Apple (AAPL), down $2.14 to $86.36; Microsoft (MSFT), down 30 cents to $30.81; Sirius Satellite Radio (SIRI), down 8 cents to $3.88; Level 3 Communications (LVLT), down 2 cents to $6.02; and Oracle (ORCL), down 20 cents to $17.07.
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