Monday's Tech Winners & Losers

Shares of Magic Software Enterprises(MGIC Quote) were among technology's winners Monday, soaring 72% after the software company signed a three-year distribution deal with IBM(IBM Quote).

As part of the deal, Israel-based Magic will bundle IBM's DB2 Express database with its eDeveloper V10 system, which is a business-applications creator. "The DB2 agreement is a further step in strengthening the relationship and the mutual understanding between IBM and Magic," Magic Software said. Shares were trading up $1.02 to $2.43.

Concurrent Computer(CCUR Quote) fell 3% after the company warned that fourth-quarter results would be lower than expected and announced a restructuring plan. The company now sees a fiscal fourth-quarter loss of about 5 cents to 7 cents a share. Concurrent expects revenue for the period ended June 30 to total $15 million to $17 million. Analysts polled by Thomson First Call project a loss of 1 cent a share and revenue of $21.5 million. The company also said that gross margins would be in the mid-40% range. Concurrent blamed the shortfall on international On-Demand sales, which were hurt by the timing of some deployments. ...