Wednesday's Tech Winners & Losers

Shares of Sirf Technology(SIRF Quote) were among technology's winners Wednesday, surging 26% after the maker of chips for GPS systems reported fourth-quarter results that topped Wall Street's forecast.

The company earned $9.1 million, or 16 cents a share, on revenue of $74.2 million. Excluding items, the company earned $15.7 million, or 28 cents a share. Analysts polled by Thomson First Call expected earnings of 24 cents a share, before items, on revenue of $70 million. During the year-earlier period, the company earned $10.2 million, or 19 cents a share, on revenue of $54.3 million.

For the first quarter, Sirf anticipates earnings of 20 cents to 23 cents a share, with revenue of $65 million to $68 million. Analysts project earnings of 20 cents a share on revenue of $64.7 million. Shares were trading up $5.73 to $29.61.

Harris(HRS Quote) rose 6% after the information technology concern posted better-than-expected second-quarter results and boosted its 2007 earnings forecast. For the quarter ended Dec. 29, the company earned $94 million, or 67 cents a share, on revenue of $1.02 billion. Excluding items, earnings were $95.4 million, or 68 cents a share. Analysts expected earnings of 65 cents a share on revenue of $973.9 million. During the year-earlier quarter, Harris recorded adjusted earnings of $72.5 million, or 52 cents a share, on revenue of $841.6 million.

Harris now sees 2007 adjusted earnings of $2.75 to $2.85 a share, up from an earlier forecast of $2.70 to $2.80 a share. Analysts project earnings of $2.76 a share. Shares were trading up $1.85 to $49.60.