Friday's Tech Winners & Losers

Google gives all tech boats a lift.
By Priya Ganapati ,

Updated from 2:52 p.m. EDT with new stock prices

Tech stocks soared Friday, led by

Google

(GOOG) - Get Report

, which reported blockbuster earnings that blew past Wall Street's expectations.

Shares of Google jumped $89.87, or 20%, to $539.41 after the company

solidly beat

Street estimates for the first quarter and laid to rest fears that an economic slowdown could take a toll on its results. Google's net income for the quarter grew to $1.31 billion, or $4.12 a share, from $1 billion, or $3.18 a share, the year before. Adjusted for certain items, Google earned $4.84 a share, beating analysts' expectations of $4.52 a share. Revenue climbed 42% from a year ago to $5.19 billion.

Apple

(AAPL) - Get Report

gained $6.55, or 4.2%, to $161.04 after an analyst at Caris said the company is likely to

beat Street expectations

when it reports its results Wednesday. Caris analyst Shebly Seyrafi has an above average rating on the stock and a $170 price target.

SanDisk

(SNDK)

added $1.50, or 5.8%, to $27.40 after the company swung to a

first-quarter profit

. But it missed earnings estimates as pricing problems continue to hit the flash-memory maker. Sandisk earned $17.9 million, or 8 cents a share, compared to a loss of $575,000 a year earlier. Excluding items, EPS was 21 cents a share, missing analysts' consensus estimate of 26 cents a share. However, revenue rose 8% to $850 million, beating Wall Street's expectation of $810.9 million.

Shares of software company

Amdocs

(DOX) - Get Report

soared 14.6% after the company issued a strong second-quarter

earnings report

and raised its guidance for the year. Second-quarter revenue grew 10% to $774.3 million, beating Street expectations of $761.7 million. Net income was up 15% to $99.9 million, and EPS, excluding items, was 58 cents, a penny better than analysts' expectations.

The company forecast full-year revenue in the range of $3.09 billion to $3.15 billion, up from its previous guidance for $3 billion and better than analysts' estimates of $3.1 billion. EPS expectations, less items, were narrowed to a range from $2.31 to $2.37 from its previous outlook of $2.29 to $2.39 and beat consensus of $2.35 a share.

Cisco

(CSCO) - Get Report

was up 62 cents, or 2.6%, to $24.51 after an analyst at Lazard Capital initiated coverage of the stock with a buy rating. "Cisco will be one of the primary beneficiaries of the continued adoption of IP infrastructure for the foreseeable future," said the analyst in a note. The company's long-term fundamentals remain strong despite a macroeconomic slowdown, said the analyst.

Shares of

SiRF Technology

( SIRF), which makes GPS-based chipsets, gained 84 cents, or 15.4%, to $6.31 after CEO Michael Canning resigned, effective immediately. SiRF said Diosdado Banatao, a founder, and chairman of SiRF's board of directors, has been appointed executive chairman and has assumed the role of interim president and CEO.

Chipmaker

Texas Instruments

(TXN) - Get Report

rose 81 cents, or 2.8%, to $29.60 after research firm Caris said it expected the company to weather the economic storm better than most.

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