Friday's Tech Winners & Losers

Shares of Credence Systems(CMOS Quote) were among technology's losers Friday, slumping 23% after the semiconductor equipment maker posted first-quarter results that fell short of expectations and warned that second-quarter results would be lower than expected.

For the quarter ended Feb. 3, the company reported a loss of $11,000, or less than a penny a share, on revenue of $118.8 million. Results included charges of $1.4 million and a one-time gain of $3 million. Analysts polled by Thomson First Call expected earnings of 4 cents a share on revenue of $120.5 million. During the year-earlier quarter, the company reported a loss of $4 million, or 4 cents a share, on revenue of $121.8 million.

Looking ahead, Credence sees a second-quarter loss of 5 cents to 6 cents a share on revenue of $115 million to $118 million. Analysts project earnings of 4 cents a share on revenue of $119.5 million. Shares were trading down $1.07 to $3.53.

Dendrite International(DRTE Quote) jumped 22% after the company, which provides technology products to the pharmaceutical industry, agreed to be acquired by France-based Cegedim for about $751 million in cash. The French software company will pay Dendrite shareholders $16 a share, representing a 25% premium over Dendrite's closing price of $12.79 on Thursday. The deal is expected to close within the next few months. Shares of Dendrite were trading up $2.75 to $15.54.