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Friday's Tech Winners & Losers

Verigy soars on a first-quarter earnings beat.

Shares of

Verigy

(VRGY)

were among technology's winners Friday, soaring 25% after the semiconductor test company posted first-quarter results that beat expectations and issued better-than-expected second-quarter guidance.

For the period ended Jan. 31, the company posted adjusted earnings of $16 million, or 28 cents a share, on revenue of $165 million. Analysts polled by Thomson First Call expected earnings of 20 cents a share on revenue of $154.8 million. During the year-earlier period, the company earned $14 million, or 25 cents a share, on revenue of $170 million.

Looking ahead, Verigy sees second-quarter adjusted earnings of $19 million to $22 million, or 32 cents to 37 cents a share, on revenue of $170 million to $180 million. Analysts project earnings of 21 cents a share on revenue of $146.5 million. Shares were trading up $4.72 to $23.60.

BEA Systems

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slid 9% after the software company posted better-than-expected fourth-quarter revenue but issued first-quarter revenue guidance that disappointed investors. The company did not post earnings information because of an ongoing stock-options investigation. The company's revenue came in at $391.8 million, ahead of the $385.5 million that analysts expected. During the year-earlier period, the company posted revenue of $341.4 million.

Looking ahead, BEA Systems sees first-quarter revenue of $350 million to $364 million. Analysts project revenue of $364.5 million. Shares were trading down $1.13 to $12.07.

Shares of

Aviza Technology

(AVZA)

slid 3% after the chip equipment maker priced 4 million shares of stock at $6.50 apiece. The price represents a 12.6% discount from Thursday's closing price of $7.44. The company also granted an option to buy up to 600,000 shares to cover over-allotments. Aviza expects net proceeds of about $23.9 million from the offering. Proceeds will be used for working capital and general corporate purposes, including debt repayment. Shares were trading down 24 cents to $7.20.

Intuit

(INTU) - Get Intuit Inc. (INTU) Report

fell 3% after the software company posted better-than-expected second-quarter results but cut its third-quarter earnings outlook. For the period ended Jan. 31, the company posted adjusted earnings of $160.6 million, or 45 cents a share, on revenue of $763.3 million. Analysts expected earnings of 42 cents a share on revenue of $762 million. During the year-earlier quarter, the company posted adjusted earnings of $174.4 million, or 48 cents a share, on revenue of $742.7 million.

Looking ahead, Intuit sees adjusted third-quarter earnings of $1.05 to $1.09 a share, down from an earlier forecast of $1.08 to $1.12 a share. The company now sees revenue of $1.1 billion to $1.13 billion, up from an earlier forecast of $1.08 billion to $1.11 billion. Analysts project earnings of $1.11 a share on revenue of $1.1 billion. Shares were trading down 93 cents to $29.93.

Shares of

Tekelec

(TKLC)

slid 9% after the telecom-equipment company posted better-than-expected fourth-quarter results but warned that 2007 results would be lower than expected. The company posted adjusted earnings of $7.2 million, or 10 cents a share, on revenue of $154.5 million. Analysts expected earnings of 3 cents a share on revenue of $138.6 million. During the year-earlier quarter, the company posted a profit of $3.1 million, or 5 cents a share, on revenue of $138.6 million.

Looking ahead, Tekelec sees 2007 earnings of 35 cents to 40 cents a share on revenue of $550 million to $575 million. Analysts project earnings of 48 cents a share on revenue of $577.5 million. Shares were trading down $1.38 to $13.52.

Other technology movers included

Sirius Satellite Radio

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, down 5 cents to $3.75;

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Microsoft

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, down 10 cents to $20.87;

Oracle

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, down 40 cents to $16.87;

Cisco Systems

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, up 18 cents to $27.58;

Sun Microsystems

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, down 1 cent to $6.26;

Qualcomm

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, up 14 cents to $42.93;

Apple

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, up 42 cents to $89.93;

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, up 21 cents to $19.41; and

Level 3 Communications

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, down 5 cents to $6.55.