Wednesday's Tech Winners & Losers

Updated from 1:55 p.m. EDT

Tech stocks moved lower Wednesday as investors weighed a number of earnings warnings and disappointing reports.

The Nasdaq 100 was down about 4 points to about 2038, pulled down by weak earnings reports from giants Intel(INTC Quote) and Yahoo!. Yahoo! closed down $1.33, or 4.8%, to $26.20, while Intel fell $1.27, or 4.8%, to $25.06.

Among other losers was i2 Technologies, which slid 6.1% after the software company warned that 2007 earnings and revenue would fall short of its prior forecast. Previously, the company projected earnings of 90 cents to $1.10 a share and year-over-year growth in revenue. Analysts polled by Thomson Financial project earnings of $1.28 a share on revenue of $284 million.

For the second quarter, the company estimates earnings of 2 cents a share on revenue of $64 million to $65 million. Analysts project earnings of 25 cents a share on revenue of $67.3 million. Shares of i2 closed down $1.04 to $15.94.

Elsewhere, SatCon tumbled 18.1% after the electronics manufacturer said that it received $4.7 million from the exercise of warrants. However, the price on the warrants was reduced to $1.31 a share from $1.68 a share. At $1.31 a share, all of the note holders -- who received warrants as part of a $12 million secured convertible note financing -- exercised them. The company plans to use the proceeds for general corporate purposes. Shares were down 28 cents to $1.27.