Tech Stocks in Motion

Shares of Phazar(ANTP Quote) were among the winners of technology stocks Friday, soaring 50% after the antenna maker posted big gains in second-quarter earnings and sales.

For the quarter ended Nov. 30, the company earned $699,000, or 30 cents a share, on sales of $3.8 million. During the year-earnings period, the company earned $505,000, or 21 cents a share, on sales of $3.3 million. Shares recently were trading up $5.23 to $15.75.

Lucent Technologies(LU Quote) fell 3% after the telecom equipment maker cut its 2006 sales forecast and projected first-quarter sales below Wall Street's estimate. The company now says that 2006 sales growth likely will be flat to up in the low-single-digit range. Previously, the company predicted sales would rise in the mid-single-digit range. For the first quarter, Lucent sees sales of about $2.05 billion, down from fourth-quarter sales of $2.43 billion. Analysts polled by Thomson First Call had been projecting first-quarter sales of $2.44 billion and full-year sales of about $10 billion. Lucent blamed the sales shortfall on lower sales in the U.S. and China. "While we are clearly disappointed, we consider this to be a temporary setback to the progress we have made, and we are confident that our performance will be much stronger for the remainder of the year," the company said. ...