Wednesday's Tech Winners & Losers
Shares of Versant (VSNT) rose 8% after the software company turned in fiscal first-quarter earnings that more than doubled from a year ago. For the quarter ended Jan. 31, the company earned $1.7 million, or 47 cents a share, on revenue of $5.2 million. During the year-earlier period, the company earned $776,000, or 22 cents a share, on revenue of $4.6 million.
Looking ahead, Versant forecasts 2007 earnings before taxes of $4.4 million to $4.6 million. Shares were climbing $1.29 to $18.
Bitstream (BITS) plunged 29% after the software company posted lower fourth-quarter earnings. The company's earnings fell to $630,000, or 6 cents a share, from $788,000, or 8 cents a share, a year earlier. Revenue rose to $5.5 million from $4.6 million. Shares were trading down $2.96 to $7.31.
Syniverse (SVR) tumbled 19% after the network-services company posted disappointing fourth-quarter earnings and gave a revenue forecast below Wall Street's target. The company recorded adjusted earnings of $13.8 million, or 20 cents a share, on revenue of $85.8 million. Analysts expected earnings of 24 cents a share and revenue of $85.1 million. During the year-earlier period, the company reported adjusted earnings of $17.1 million, or 25 cents a share, on revenue of $83.6 million.For 2007, Syniverse forecasts adjusted earnings of $55 million to $60 million, with revenue of $325 million to $335 million. Analysts project 2007 revenue of $358.3 million. Shares were down $2.65 to $11.39. Other technology volume leaders included Xilinx (XLNX), down 18 cents to $25.80; Microsoft (MSFT), up 15 cents to $28.02; Sun Microsystems (SUNW), up 18 cents to $6.16; Intel (INTC), unchanged at $20.03; Sirius Satellite Radio (SIRI), up 3 cents to $3.68; Cisco Systems (CSCO), up 31 cents to $26.02; Oracle (ORCL), up 42 cents to $16.71; Level 3 Communications (LVLT), up 10 cents to $6.43; Apple (AAPL), up $1.12 to $85.05; and Qualcomm (QCOM), up 58 cents to $40.71.
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