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Shares of

Open Solutions


were among technology's winners Monday, jumping 23% after the software company agreed to be acquired by private equity firms Carlyle Group and Providence Equity Partners for more than $1.3 billion.

The deal, which includes the assumption of debt, values Open Solutions at $38 a share, a 25% premium over Friday's closing price of $30.28. The transaction is expected to close during the first quarter of 2007. Open Solutions shares were trading up $6.84 to $37.12.

Shares of

Sum Total Systems


slid 18% after the software products company previewed disappointing third-quarter earnings. The company sees adjusted earnings of $900,000 to $1.1 million, or 3 cents to 4 cents a share, and revenue of $27.3 million to $27.5 million. Analysts polled by Thomson First Call project earnings of 9 cents a share on revenue of $26.9 million. Sum Total blamed the earnings shortfall on higher-than-expected costs, mostly in its services business. Shares were trading down $1.36 to $6.12.

Asyst Technologies


rose 5% after the semiconductor-equipment maker posted better-than-expected first-quarter results. For the period ended June 30, the company posted adjusted earnings of $4.5 million, or 9 cents a share, on revenue of $117 million. Analysts expected earnings of 8 cents a share on revenue of $116.1 million. A year earlier, the company recorded a loss of $879,000, or 2 cents a share, on revenue of $117.5 million.

For the second quarter, Asyst sees adjusted earnings of 14 cents to 16 cents a share, with revenue of $120 million. Analysts, on average, forecast earnings of 15 cents a share and revenue of $124.2 million. Asyst shares were trading up 41 cents to $8.37.

Mattson Technology


shares fell 2% after the semiconductor-equipment maker boosted its third-quarter revenue guidance but lowered its margin outlook. The company estimates revenue of about $76 million, up from an earlier view of $65 million to $69 million. Gross margins, meanwhile, are now seen at about 35%, below an earlier forecast of about 40%. Earnings are expected to be flat with second-quarter results. Mattson expects gross-margin gains of two margin points during the fourth quarter and an additional four to six points during the first quarter. Shares were trading down 21 cents to $9.39.

TheStreet Recommends

Shares of

Acme Packet


continued to move higher on Monday. The computer networking gearmaker jumped 67% during its debut as a publicly traded company on Friday. The shares recently were tacking on another 69 cents, or 4%, to $16.60.

Other technology movers included


(INTC) - Get Intel Corporation Report

, up 28 cents to $21.88;

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

, up 7 cents to $5.25;


(MSFT) - Get Microsoft Corporation Report

, up 21 cents to $28.58;

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

, up 18 cents to $24.71;



, unchanged at $2.13;



, up $1 to $30.72;



, up $2.69 to $61.85;



, up 9 cents to $1.32;

Lucent Technologies


, up 1 cent to $2.34;


(FNSR) - Get Finisar Corporation Report

, up 22 cents to $4; and

Level 3 Communications


, up 6 cents to $5.31.