Wednesday's Tech Winners & Losers

Updated from 11:33 a.m. EDT

Tech stocks edged down Wednesday, as mixed earnings outweighed a $495 million deal between software makers.

Agile Software(AGIL) jumped 12.6% after the software firm agreed to be acquired by Oracle(ORCL) for $495 million in cash. Oracle will pay $8.10 a share, or a premium of 14% over Agile's closing price of $7.08 on Tuesday.

"The addition of Agile, which will serve as the foundation of our PLM offering, will further Oracle's strategy of delivering industry-specific enterprise applications and allows us to offer yet another strategic application to SAP customers," Oracle said. The deal is expected to close in July. Shares of Agile closed up 89 cents to $7.97. Shares of Oracle closed up 15 cents, or 0.8% to $18.99.

On the earnings front, Compuware(CPWR) vaulted 7.3% after the software maker posted better-than-expected fourth-quarter results. The company earned $67.5 million, or 21 cents a share, on revenue of $313 million. Analysts polled by Thomson Financial expected earnings of 17 cents a share on revenue of $313 million. During the year-earlier quarter, the company earned $56.5 million, or 15 cents a share, on revenue of $309.5 million. Shares were up 73 cents to $10.67.

Meanwhile, Salary.com(SLRY) slid 11.5% after the software company posted an in-line fourth-quarter loss. The company posted a loss of $4.1 million, or 44 cents a share, on revenue of $6.4 million. Excluding items, the company reported a loss of $1.2 million, or 11 cents a share. Analysts expected a loss of 11 cents a share on revenue of $6.3 million. During the year-earlier quarter, the company posted an adjusted loss of $653,000, or 11 cents a share, on revenue of $4.5 million.

Looking ahead, Salary.com sees an adjusted first-quarter loss of $1.5 million to $1.7 million on revenue of $6.7 million to $7.1 million. Analysts project a loss of $1.8 million on revenue of $6.7 million. Shares were down $1.46 to $11.29.