were among technology's winners Monday, jumping 46% after the software company agreed to be acquired by private equity firm Vista Equity Partners for $240 million in cash.
Vista will pay $3.85 a share for Indus, a 53% premium over Friday's closing price of $2.52. The deal is expected to close within 90 days. Vista Equity plans to combine Indus with MDSI Mobile Data Solutions, one of the firm's portfolio companies. Indus shares were trading up $1.16 to $3.68.
slumped 14% after the software company warned that first-quarter revenue will be lower than expected. The company estimates revenue of about $21.5 million for the September period. Analysts project revenue of $24.7 million. Neoware also moved up the date of its earnings release by one day to Oct. 30. Shares were down $2.22 to $12.31.
soared 20% after the software company agreed to be acquired by
for $4.10 a share, or roughly $219.2 million. The price represents a 24% premium over Friday's closing price of $3.32. The deal is expected to close in late 2006 or early 2007. Shares of MetaSolv were trading up 70 cents to $4.02, while Oracle rose 20 cents, or 1%, to $19.18.
jumped 9% after the flash-memory concern boosted its third-quarter earnings and revenue projections. The company estimates earnings of 13 cents to 14 cents a share, with revenue of $92 million to $93 million. Previously, the company predicted a profit of 10 cents a share on revenue of $79.5 million. Analysts project earnings of 11 cents a share on revenue of $80.7 million. SimpleTech plans to issue its full results on Nov. 8. Shares were trading up 41 cents to $8.92.
traded actively after the chipmaker posted solid third-quarter results but forecast fourth-quarter revenue well below expectations. For the third quarter, the company earned $4.7 million, or 8 cents a share, on revenue of $115.5 million. Excluding items, the company earned $14.8 million, or 26 cents a share. Analysts polled by Thomson First Call expected earnings of 23 cents a share, before items, on revenue of $114.3 million. A year earlier, Silicon Labs reported a loss of $745,000, or a penny a share, on revenue of $103.9 million. Excluding items, the company earned $14.3 million, or 26 cents a share, in the year-earlier quarter.
Silicon Labs sees fourth-quarter revenue of $108 million to $113 million. Analysts, meanwhile, project revenue of $123.6 million. Shares were trading at $32.83, up 5 cents.
Other technology movers included
, down 14 cents to $21.19;
, down 17 cents to $28.26;
, up 4 cents to $79.99;
Sirius Satellite Radio
, up 4 cents to $3.80;
, down 15 cents to $24.40;
, down 4 cents to $5.21;
Level 3 Communications
, down 8 cents to $5.75;
, down 33 cents to $48.81; and
, down 3 cents to $2.32.