Friday's Tech Winners & Losers

Shares of OpenTV(OPTV Quote) were among technology's losers Friday, sliding 6% after the television technology firm posted a wider-than-expected fourth-quarter loss.

The company reported a loss of $3.4 million, or 3 cents a share, on revenue of $26.7 million. Analysts polled by Thomson First Call expected a loss of a penny a share and revenue of $25.7 million. In the year-earlier period, OpenTV earned $2.9 million, or 2 cents a share, on revenue of $24.2 million. The year-earlier results included an investment gain of $3.1 million. Shares of OpenTV were trading down 17 cents to $2.53.

Actions Semiconductor(ACTS Quote) slid 4% after the China-based chip designer cut its first-quarter earnings and revenue forecasts. The company now anticipates earnings of 14 cents to 17 cents a share, with revenue of $29 million to $32 million. Previously, the company forecast earnings of 15 cents to 19 cents a share and revenue of $34 million to $37 million. Analysts, on average, project earnings of 17 cents a share and revenue of $36 million.

"Our results for the first quarter were impacted by more pronounced seasonality and a greater than expected decline in NAND flash pricing," Actions said. Shares were down 29 cents to $6.80.

Shares of Hewlett-Packard(HPQ Quote) rose 1% after the computer giant said its board approved the buyback of an additional $8 billion in stock. The company still had about $3.3 billion left on its previous buyback authorization of $6 billion.

"HP intends to use the additional authorization to repurchase its shares from time to time to offset the dilution created by shares issued under employee stock plans and to repurchase shares opportunistically as a means of returning cash to its stockholders," the company said in a regulatory filing. Shares were up 30 cents to $40.