Shares of

Multi-Fineline Electronix

(MFLX)

were among technology's losers Monday, sliding 11% after the company posted fourth-quarter results that were well below expectations.

M-Flex, maker of assembly systems used by the electronics industry, earned $2.2 million, or 9 cents a share, for the period ended Sept. 30. Analysts polled by Thomson First Call expected earnings of 28 cents a share. Revenue totaled $110.3 million, below Wall Street's forecast of $128.8 million. During the year-earlier period, the company earned $11 million, or 44 cents a share, on revenue of $110.9 million.

"The disappointing financial results for the fiscal fourth quarter were due both to specific customer issues as well as changing market dynamics in the flexible printed circuit industry," the company said. Shares were trading down $2.56 to $20.53.

Shares of

XM Satellite Radio

( XMSR) jumped 15% after the satellite radio company posted better-than-anticipated third-quarter results. The company reported a loss of $85.5 million, or 32 cents a share, on revenue of $240.4 million. Analysts expected a bigger loss of 46 cents a share, with revenue of $235.3 million. During the year-earlier quarter, XM posted a loss of $134 million, or 60 cents a share, on revenue of $153.1 million.

XM now sees total subscribers of 7.7 million to 7.9 million by the end of the year. Previously, the company said that it would have between 7.7 million and 8.2 million. Shares were trading up $1.76 to $13.15.

Brooks Automation

(BRKS) - Get Report

rose 3% after the semiconductor-equipment maker agreed to sell its software division to

Applied Materials

(AMAT) - Get Report

for $125 million in cash. "For Brooks Automation this transaction will further strengthen our balance sheet and allow us to focus more on our core semiconductor-related hardware businesses," the company said. Shares of Brooks were trading up 30 cents to $13.89, while Applied Materials was adding 19 cents, or 1%, to $17.27.

Arris Group

(ARRS) - Get Report

slid 9% after the telecom technology company said it plans to sell $225 million of convertible senior notes due 2026. The company will also grant underwriters a 30-day option to buy an additional $33.75 million of the notes. Arris plans to use proceeds from the offering for general corporate purposes. Shares were down $1.13 to $11.57.

Shares of

Traffic.com

(TRFC)

jumped 25% after the online provider of real-time traffic information agreed to be acquired by digital map company

Navteq

(NVT) - Get Report

for about $179 million in cash and stock. The deal is expected to close during the first quarter of 2007. Shares of Traffic.com were trading up $1.34 to $7.49, while shares of Navteq fell 77 cents, or 2%, to $31.42.

Other technology movers included

Sirius Satellite Radio

(SIRI) - Get Report

, up 17 cents to $3.93;

Lucent Technologies

( LU), up 7 cents to $2.45;

Intel

(INTC) - Get Report

, up 15 cents to $20.66;

Cisco Systems

(CSCO) - Get Report

, up 67 cents to $24.44;

Microsoft

(MSFT) - Get Report

, up 26 cents to $28.99;

Oracle

(ORCL) - Get Report

, up 20 cents to $17.98;

Sun Microsystems

(SUNW) - Get Report

, up 6 cents to $5.29;

Apple Computer

(AAPL) - Get Report

, up 92 cents to $79.21; and

Dell

(DELL) - Get Report

, up 50 cents to $24.74.