Tech Stocks in Motion

Updated from 12:47 p.m. EDT

Shares of CDC(CHINA Quote) were among technology's losers Thursday, falling 11.8% after the company posted a big drop in first-quarter earnings.

The company, formerly known as Chinadotcom, posted pro forma earnings of $1.2 million, or 1 cent a share, on sales of $56.2 million. One analyst had been looking for earnings of 3 cents a share on sales of $54 million, according to Thomson First Call. A year ago, the company reported pro forma earnings of $6 million, or 6 cents a share, on sales of $35.5 million. Shares traded down 34 cents to $2.55.

Electroglas(EGLS Quote) rose 4.2% after the company said that Nantong Fujitsu Microelectronics purchased one of its Sidewinder test handlers. The Sidewinder is used for testing packaged integrated circuit devices in strip format. "They understand the alignment and cost challenges associated with packaged test and have sought out and found technology that can precisely and economically handle even the smallest packages in a high-volume production environment," Electroglas said, referring to Nantong's selection of the Sidewinder. Shares of Electroglas traded up 13 cents to $3.23. ...