were among technology's winners Monday, rising 9% after the telecom-gear company boosted its fourth-quarter earnings and revenue guidance.
The company now sees adjusted earnings of 13 cents to 14 cents a share on revenue of about $76 million. Previously, the company forecast earnings of 6 cents to 7 cents a share on revenue of $61 million to $63 million. On a GAAP basis, the company predicts that earnings will be in the range of, or above, its previous guidance of 2 cents to 4 cents a share. Analysts polled by Thomson First Call project earnings of 2 cents a share on revenue of $62.5 million.
Looking ahead, Novatel sees 2007 adjusted earnings of 55 cents to 65 cents a share on revenue of $330 million to $350 million. Analysts project earnings of 18 cents a share on revenue of $258 million. Shares were trading up $1.02 to $12.27.
Cognizant Technology Solutions
rose 7% after the information technology company posted better-than-expected fourth-quarter results and said that first-quarter results would be above estimates. The company earned $69.5 million, or 46 cents a share, on revenue of $424.4 million. Analysts expected earnings of 43 cents a share on revenue of $405.5 million. During the year-ago quarter, the company earned $57.7 million, or 39 cents a share, on revenue of $256.9 million.
Looking ahead, Cognizant sees first-quarter earnings of 47 cents a share on revenue of about $448 million. Analysts project earnings of 44 cents a share on revenue of $433.1 million. Shares were trading up $6.11 to $91.94.
vaulted 15% after
said that it would acquire the 40% of the Internet media and market-research company that it doesn't already own. Nielsen is paying $327 million, or $21 a share in cash. The price represents a 16% premium over Friday's closing price of $18.05. The deal is expected to close during the second quarter. Shares of NetRatings were recently trading up $2.65 to $20.70.
rose 4% after the computer products distributor posted better-than-expected third-quarter results. For the period ended Dec. 31, the company earned $20 million, or 64 cents a share, on revenue of $585 million. Analysts expected earnings of 55 cents a share on revenue of $557.7 million. During the year-earlier period, the company earned $15.2 million, or 49 cents a share, on revenue of $532.2 million. Shares were trading up 73 cents to $19.81.
( TMTA) slid 13% after the chipmaker announced plans to cut 39% of its workforce. The job cuts will affect about 75 employees, mostly in the company's engineering services business. Additionally, the company said that it plans to cut another 25 to 55 jobs during the next two quarters. The restructuring moves will result in charges of between $11 million and $14 million, with the majority of the charges being taken during the first quarter. Transmeta expects to generate about $17 million to $23 million a year in cost savings. "After a critical evaluation of all our lines of businesses, we have decided that IP development and licensing will be our core business activity going forward," the company said. Shares were trading down 13 cents to 90 cents.
Other technology movers included
, down 25 cents to $29.94;
, up 29 cents to $27.43;
, up 16 cents to $21.28;
, up 52 cents to $24.04;
, up $2.68 to $21.60;
, up 9 cents to $6.72;
, down 5 cents to $18.07;
Level 3 Communications
, up 11 cents to $6.20;
, down 10 cents to $17.32; and
, down 40 cents to $84.35.