Friday's Small-Cap Winners & Losers

The choppy major indices heaved small-cap stocks in and out of the red Friday, but among the solid winners were a few tech names.

One of these, RadiSys (RSYS Quote), narrowed its GAAP-based third-quarter loss and said that, excluding special items, it made 11 cents a share. That's a dime above the average analyst estimate, according to Thomson Financial. Shares of the Hillsboro, Ore., company, which makes computer-system products for embedded applications, were soaring 25.2% to $17.01.

Cognex (CGNX Quote), a developer of machine vision systems, surged 23.5% after handily beating Wall Street's third-quarter income estimates and saying it booked more than $2 million in Chinese orders for its SmartView surface-inspection system in that quarter. Shares of the Natick, Mass., company were up $3.95 to $20.78.

Elsewhere, Taleo (TLEO Quote) more than quadrupled its third-quarter non-GAAP earnings vs. last year to $4.2 million, or 15 cents a share, on sales that leapt 35.6% to $33.7 million. Analysts were calling for 11 cents a share on revenue of $32.1 million. Shares of the Dublin, Calif., maker of talent-management software bounced 12.8% to $30.76.

On the flip side, Glu Mobile (GLUU Quote) took a 32.7% free fall after the San Mateo, Calif., mobile-games developer cut its full-year guidance. Its 2007 loss is now pegged at 17 cents to 19 cents a share -- at least 2 cents off the prior range -- and the GAAP revenue outlook was lowered by at least $1.1 million to between $66.4 million and $66.9 million. Analysts are looking for a 13-cent loss on $68.7 million in sales.