( OPTV) were among technology's losers Friday, sliding 6% after the television technology firm posted a wider-than-expected fourth-quarter loss.
The company reported a loss of $3.4 million, or 3 cents a share, on revenue of $26.7 million. Analysts polled by Thomson First Call expected a loss of a penny a share and revenue of $25.7 million. In the year-earlier period, OpenTV earned $2.9 million, or 2 cents a share, on revenue of $24.2 million. The year-earlier results included an investment gain of $3.1 million. Shares of OpenTV were trading down 17 cents to $2.53.
slid 4% after the China-based chip designer cut its first-quarter earnings and revenue forecasts. The company now anticipates earnings of 14 cents to 17 cents a share, with revenue of $29 million to $32 million. Previously, the company forecast earnings of 15 cents to 19 cents a share and revenue of $34 million to $37 million. Analysts, on average, project earnings of 17 cents a share and revenue of $36 million.
"Our results for the first quarter were impacted by more pronounced seasonality and a greater than expected decline in NAND flash pricing," Actions said. Shares were down 29 cents to $6.80.
rose 1% after the computer giant said its board approved the buyback of an additional $8 billion in stock. The company still had about $3.3 billion left on its previous buyback authorization of $6 billion.
"HP intends to use the additional authorization to repurchase its shares from time to time to offset the dilution created by shares issued under employee stock plans and to repurchase shares opportunistically as a means of returning cash to its stockholders," the company said in a regulatory filing. Shares were up 30 cents to $40.
( QADI) rose 2% after the software company posted better-than-expected fourth-quarter results. For the quarter ended Jan. 31, the company earned $4.7 million, or 14 cents a share. Excluding items, earnings were $6 million, or 18 cents a share, compared with analysts' forecast of 13 cents. Revenue totaled $66.5 million, slightly above Wall Street's forecast of $65.1 million. In the year-earlier quarter, the company earned $11.7 million, or 35 cents a share, on revenue of $60.1 million.
Looking ahead, QAD forecast fiscal 2008 earnings of 26 cents to 36 cents a share, including stock-based compensation costs of 12 cents a share. The company projects revenue of $254 million to $266 million. Shares were trading up 20 cents to $8.51.
( TEK) dropped 3% after the company posted mixed third-quarter results and issued a guidance that allowed for downside to Wall Street's estimates. The company, which makes testing and measurement equipment for computer and chip companies, reported adjusted earnings of $31.1 million, or 38 cents a share, for the quarter ended Feb. 24. Analysts expected earnings of 37 cents a share. Revenue totaled $265.8 million, below Wall Street's forecast of $280.3 million. During the year-earlier quarter, the company earned $31.1 million, or 37 cents a share, on revenue of $262.1 million.
For the fourth quarter, Tektronix sees earnings of 40 cents to 44 cents a share, compared with analysts' mean estimate of 44 cents. The company anticipates revenue of $290 million to $300 million, compared with the $299.2 million that Wall Street projects. Shares were trading down 75 cents to $28.11.
Other technology movers included
, up 4 cents to $27.32;
, down 1 cent to $19.13;
, up 1 cent to $25.82;
, down 2 cents to $6.20;
, down 4 cents to $16.68;
Sirius Satellite Radio
, down 4 cents to $3.26;
( CMGI), down 5 cents to $1.87; and
, down 53 cents to $43.17.