Updated from 11:48 a.m. EDT

Shares of

Checkpoint Systems

(CKP)

were among technology's winners Friday, jumping 18.8% after the maker of retail-surveillance systems posted better-than-expected fourth-quarter earnings.

The company earned $18 million, or 45 cents a share, on revenue of $216.3 million. Analysts polled by Thomson First Call expected earnings of 38 cents a share. During the year-earlier quarter, the company earned $9.3 million, or 23 cents a share, on revenue of $192.5 million. Year-ago results included one-time items totaling $4.2 million.

Looking ahead, Checkpoint sees 2007 adjusted earnings of $1.20 to $1.30 a share on revenue growth of 3% to 5%, implying revenue of $708 million to $722 million. Analysts project earnings of $1.29 a share.

"Looking forward we remain cautious about the softness in the retail market given the indicators we're currently seeing in the marketplace, and this is reflected in our expectations for sales performance for 2007," the company said. "However, we made significant operational and management changes during 2006 and are positioned to leverage these changes and enhance our profitability as we move into 2007." Shares closed up $3.74 to $23.66.

Solectron

( SLR) shares rose 2.3% after the contract electronics manufacturer posted in-line second-quarter results and guided third-quarter revenue above expectations. For the period ended March 2, the company posted adjusted earnings of $41 million, or 5 cents a share, on revenue of $2.9 billion. Analysts expected earnings of 5 cents a share on revenue of $2.91 billion. During the year-earlier period, the company earned $29.7 million, or 3 cents a share, on revenue of $2.5 billion.

Looking ahead, Solectron sees third-quarter earnings of 4 cents to 6 cents a share on revenue of $2.9 billion to $3.1 billion. Analysts project earnings of 5 cents a share on revenue of $2.87 billion. Shares closed up 7 cents to $3.15.

Shares of

Red Hat

(RHT) - Get Report

fell modestly after the Linux software developer posted disappointing fourth-quarter revenue and issued first-quarter revenue guidance below expectations. For the quarter ended Feb. 28, the company posted adjusted earnings of $32.7 million, or 15 cents a share, on revenue of $111.1 million. Analysts expected earnings of 15 cents a share on revenue of $113 million. During the year-earlier period, the company reported adjusted earnings of $25.8 million, or 12 cents a share, on revenue of $78.7 million.

Looking ahead, Red Hat sees first-quarter adjusted earnings of 15 cents a share on revenue of $116 million to $117.5 million. Analysts project earnings of 15 cents a share on revenue of $117.9 million. Shares were trading down 21 cents to $22.93.

Spectrum Control

(SPEC)

jumped 12.9% after the maker of electronic products and systems posted a big jump in first-quarter earnings and revenue. For the quarter ended Feb. 28, the company earned $2.1 million, or 16 cents a share, on revenue of $32.9 million. During the year-earlier quarter, the company earned $290,000, or 2 cents a share, on revenue of $25.6 million.

Looking ahead, Spectrum sees second-quarter earnings of 18 cents to 19 cents a share on revenue of $33 million to $34 million. Shares closed up $1.40 to $12.30.

Shares of

Tibco Software

(TIBX)

fell 4.6% after the software company posted disappointing first-quarter revenue. For the period ended March 4, the company earned $10.4 million, or 5 cents a share, on revenue of $125.7 million. Excluding items, the company earned $15.2 million, or 7 cents a share. Analysts expected earnings of 7 cents a share on revenue of $128.2 million. During the year-earlier quarter, the company posted adjusted earnings of $12.6 million, or 6 cents a share, on revenue of $114.6 million. Shares closed down 41 cents to $8.52.

Other technology movers included

CMGI

( CMGI), down 14 cents to $2.12;

RF Micro Devices

(RFMD)

, down 8 cents to $6.23;

Sun Microsystems

(SUNW) - Get Report

, up 5 cents to $6.01;

Dell

(DELL) - Get Report

, down 18 cents to $23.21;

Intel

(INTC) - Get Report

, up 4 cents to $19.13;

Cisco Systems

(CSCO) - Get Report

, up 10 cents to $25.53;

Level 3 Communications

(LVLT)

, up 10 cents to $6.10;

Brocade Communications Systems

(BRCD)

, down 33 cents to $9.52; and

Microsoft

(MSFT) - Get Report

, up 12 cents to $27.87.