Updated from 11:53 a.m. EDT
Although the broader technology market headed higher Friday, there were plenty of tech names moving to the downside.
( BRLC) got whacked after the maker of high-definition televisions posted disappointing third-quarter results. For the quarter ended March 31, the company earned $5.5 million, or 9 cents a share, on revenue of $162.9 million. Analysts expected a bigger profit of 12 cents a share on revenue of $167 million.
Looking ahead, Syntax-Brillian now sees full-year revenue of $682 million to $702 million. Previously, the company forecast revenue of $650 million to $700 million. Analysts project revenue of $678.7 million. Shares closed down $1.41, or 16.8%, to $7.
( MAMA) plunged 15.3% after the Internet search engine posted a wider first-quarter loss. The company reported a loss of $1.4 million, or 10 cents a share, on revenue of $2.6 million. Results included employee termination costs of $685,000. During the year-ago period, the company reported a loss of $875,000, or 6 cents a share, on revenue of $2.2 million. Shares closed down 85 cents to $4.70.
( AVZA) tumbled 17.8% after the chip-equipment maker swung to a second-quarter profit, but cut its full-year earnings guidance. The company earned $1.4 million, or 7 cents a share, on revenue of $61.6 million. During the year-earlier quarter, the company reported a loss of $5.3 million, or 52 cents a share, on revenue of $36.2 million.
Looking ahead, the company now sees a full-year profit that will be less than $500,000 on revenue of $220 million to $240 million. Previously, the company said that earnings would be about 2% of revenue. The company blamed the outlook on higher operating costs in the U.K. -- as a result of the strength of the British pound vs. the U.S. dollar -- and blamed an income tax expense as well. The company also said that results will be hurt by its transition to a new enterprise software system. Shares were down $1.45 to $6.71.
slid 10.6% after the chip company posted mixed first-quarter results and warned that second-quarter earnings would be lower than expected. The company earned $12.7 million, or 15 cents per American Depositary share, on revenue of $30.3 million. Analysts expected earnings of 15 cents a share on revenue of $31.6 million.
Looking ahead, the company sees second-quarter earnings of 13 cents to 15 cents a share on revenue of $30.5 million to $32.5 million. Analysts project earnings of 18 cents a share on revenue of $36.9 million. Shares closed down 70 cents to $5.90.
Bucking the losing trend was
, which rose 7.1% after the graphics chipmaker posted better-than-expected first-quarter results. The company reported adjusted earnings of $164.4 million, or 42 cents a share, on revenue of $844.3 million. Analysts expected earnings of 39 cents a share on revenue of $835.7 million. During last year's first quarter, the company earned $92.1 million, or 24 cents a share, on revenue of $681.8 million. Shares closed up $2.32 to $35.14.
As for the broader technology sector, the Nasdaq 100 was up 23.6 points to 1898.79.
Other technology movers included
, up 7 cents to $22.28;
, up 34 cents to $26.63;
, up 49 cents to $18.98;
, up 59 cents to $19.77;
, up 31 cents to $30.89;
, up $1.40 cents to $108.74; and
, up 2 cents to $5.15.