Tech Stocks in Motion

Rofin-Sinar rises after second-quarter earnings and sales come in better than hoped.
Publish date:

Updated from 12:46 p.m. EDT

Shares of

Kulicke & Soffa

(KLIC) - Get Report

were among the worst-performing technology stocks Wednesday after the company cut its fourth-quarter sales outlook.

The supplier of semiconductor equipment now expects fourth-quarter sales of $135 million to $165 million. Previously, it forecast sales of $175 million to $195 million. The company said that discussions with customers indicated a slowdown in semiconductor growth, which will lead to wire-bonder shipments that are lower than expected. Despite the fourth-quarter sales outlook, the company did say that it still expects to be profitable during the fourth quarter and to report positive cash flow. Analysts surveyed by Thomson First Call had expected fourth-quarter earnings of 29 cents a share on sales of $184.8 million. Shares of Kulicke & Soffa traded down $1.76, or 25.1%, to $5.26.


(UTSI) - Get Report

fell after it said that it would delay filing its

Securities and Exchange Commission

quarterly report. The wireless tech company said that its second-quarter review process

turned up a $1.9 million equipment sale that should not have been recorded as revenue during the quarter. Initially, the company had expected to recognize the sale in the second-quarter reporting period. As a result of the ongoing inquiry into the transaction, it said that it needs a five-day extension on its 10-Q filing. Shares of UTStarcom traded down $2.58, or 14.4%, to $15.37.

Shares of

National Semiconductor


fell after the company trimmed its first-quarter sales expectations. The semiconductor company said that it now expects first-quarter sales to fall 4% to 5% from the $571.2 million it reported during the fourth quarter. In June it said that sales would be flat to up 3%. A 4% to 5% drop from fourth-quarter levels would put first-quarter sales between $543 million and $548 million. Analysts had expected the company to post sales of $583 million and earnings of 31 cents. Shares of National Semiconductor traded down $2.22, or 14.1%, to $13.48.



rose after it posted better-than-expected, third-quarter earnings and sales. The maker of laser-beam equipment posted a third-quarter profit of 48 cents a share on sales of $82.1 million. Analysts had expected it to earn 38 cents a share on sales of $77 million. The company said its strong results were fueled by success in its North American and Asian markets. Shares of Rofin-Sinar traded up $5.24, or 25.4%, to $25.90.

Shares of

SBS Technologies


fell after the company posted weaker-than-expected, fourth-quarter earnings and warned that first-quarter sales would fall short of expectations. The maker of embedded computer solutions posted a fourth-quarter profit of 17 cents a share on sales of $38.2 million. Analysts were looking for earnings of 18 cents a share on sales of $37.5 million. Looking ahead, the company forecast first-quarter sales of $36 million to $37 million. Analysts were expecting sales of $38 million. For the full year, it expects sales of $150 million to $160 million, in line with expectations. Shares of SBS Technologies traded down 50 cents, or 4.4%, to $10.91.

Other technology volume leaders included


(CSCO) - Get Report

, down $2.17 to $18.29;


(INTC) - Get Report

, down 38 cents to $22.16;


(MSFT) - Get Report

, down 31 cents to $27.41;


(ORCL) - Get Report

, down 41 cents to $10.19;



, down 15 cents to $2.86; and

Applied Materials

(AMAT) - Get Report

, down 64 cents to $16.26.