Tech Stocks in Motion

Updated from 1:05 p.m. EDT

Shares of Brocade(BRCD Quote) were among the best-performing technology stocks Friday after the company posted preliminary third-quarter earnings results that were better than expected.

Excluding a one-time gain, the storage hardware company predicted a profit of 5 cents to 6 cents a share on sales of between $149.5 million and $150.5 million. Analysts polled by Thomson First Call had expected a profit of 4 cents a share on sales of $150.1 million. Brocade is expected to report its full financial results on August 18. Shares of Brocade traded up 78 cents, or 19.3%, to $4.82.

Saflink(SFLK Quote) fell after it posted weaker-than-expected second-quarter financial results. Excluding items, the marketer of smart cards posted a second-quarter loss of 10 cents a share on sales of $918,000. Analysts had expected it to post a loss of 8 cents a share on sales of $1.38 million. Shares of Saflink traded down 19 cents, or 7.4%, to $2.37. ...