Small stocks generally hung on the lower rungs of the broader market Thursday, but several tech names -- among them Vasco Data Security International (VDSI Quote) -- helped keep things afloat.
The Illinois-based security-software company soared 27% to $22.42 after beating first-quarter estimates by 2 cents a share with profits -- 13 cents a share, or $5 million -- that rose 324% year over year. Sales gained 93% on last year to $26.4 million and bested Street targets, according to Thomson Financial.
Innodata Isogen (INOD Quote), another tech stock, said it has procured new projects that should bring in revenue of roughly $10 million in 2007. Shares of the Hackensack, N.J., information-technology firm surged 26% to $3.65. Flat-panel-display maker Innovative Solutions & Support (ISSC Quote), of Pennsylvania, gained 17% to $28.54 after saying its order backlog had vaulted 51% to $42.7 million from last year, despite widening fiscal second-quarter losses that were far short of Street targets. ...
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