Updated from 1:05 p.m. EDT

Shares of

Brocade

(BRCD)

were among the best-performing technology stocks Friday after the company posted preliminary third-quarter earnings results that were better than expected.

Excluding a one-time gain, the storage hardware company predicted

a profit of 5 cents to 6 cents a share on sales of between $149.5 million and $150.5 million. Analysts polled by Thomson First Call had expected a profit of 4 cents a share on sales of $150.1 million. Brocade is expected to report its full financial results on August 18. Shares of Brocade traded up 78 cents, or 19.3%, to $4.82.

Saflink

(SFLK)

fell after it posted weaker-than-expected second-quarter financial results. Excluding items, the marketer of smart cards posted a second-quarter loss of 10 cents a share on sales of $918,000. Analysts had expected it to post a loss of 8 cents a share on sales of $1.38 million. Shares of Saflink traded down 19 cents, or 7.4%, to $2.37.

Shares of

ScanSource

(SCSC) - Get Report

rose after the company posted better-than-expected fourth-quarter results. The communications products company posted a fourth-quarter profit of 69 cents a share on sales of $333.1 million. Analysts had expected it to earn 61 cents a share on sales of $324.3 million. Looking ahead, it forecast first-quarter sales of $315 million to $335 million. Analysts were looking for sales of $321.5 million. Shares of ScanSource traded up $6.28, or 12.3%, to $57.23.

Analog Devices

(ADI) - Get Report

fell after it posted third-quarter earnings and sales that were weaker than expected and warned that the fourth quarter would also miss. The chip company posted a third-quarter profit of 43 cents a share on sales of $718 million. Analysts had expected it to earn 45 cents a share on sales of $740.2 million. Looking ahead, the company said fourth-quarter earnings and sales would change little compared with results in the just-ended third quarter. Analysts were looking for fourth-quarter earnings of 49 cents a share on sales of $780.8 million. Shares of Analog Devices traded down 26 cents, or 0.8%, to $33.57.

Shares of

QAD

(QADI)

fell after the company cut its second-quarter outlook for earnings and sales. The software company now expects earnings of 5 cents to 7 cents a share, down from its previous guidance of 10 cents to 15 cents a share. Sales, meanwhile, are now expected to be between $56 million and $57 million, below the $58 million to $61 million it previously forecast. The company cited weaker-than-expected market and economic conditions for the shortfall. Shares of QAD traded down $2.52, or 28.9%, to $6.20.

Other technology volume leaders included

Intel

(INTC) - Get Report

, up 6 cents to $21.30;

Cisco

(CSCO) - Get Report

, up 7 cents to $17.86;

Oracle

(ORCL) - Get Report

, up 35 cents to $10.25;

Microsoft

(MSFT) - Get Report

, up 14 cents to $27.02; and

Dell

(DELL) - Get Report

, up $1.39 to $34.51; and

Lucent

(LU)

, up 4 cents to $2.74.