Updated from 12:47 p.m. EDT

Shares of

Rofin-Sinar Technologies

(RSTI)

were among the best-performing technology stocks Wednesday, rising 11.3% after the company posted strong fourth-quarter earnings and sales.

The laser company earned 92 cents a share on sales of $93.6 million. Analysts surveyed by Thomson First Call were expecting earnings of 50 cents a share on sales of $86.4 million. During the year-ago period the company earned 39 cents a share on sales of $74.1 million. Strong performance in North America and Asia led to the significant improvement vs. a year ago. Shares traded up $3.79 to $37.44.

Applied Digital

( ADSX) rose 10.8% after its subsidiary struck a distribution agreement with

Henry Schein

(HSIC) - Get Report

. Under the agreement, Henry Schein will distribute the VeriChip product -- a subdermal RFID microchip device that can be used for security, financial and other applications -- to its customers in North America and Europe. Shares of Applied Digital traded up 42 cents to $4.31.

Shares of

Computer Sciences

(CSC)

rose 7% after the company posted second-quarter earnings and sales that topped forecasts. The computer services company earned 68 cents a share on sales of $3.93 billion. Analysts were expecting earnings of 66 cents a share on sales of $3.87 billion. Looking ahead, the company said it was comfortable with third-quarter earnings estimates of 80 cents a share. Sales, meanwhile, are expected to climb 8% to 10% vs. year-ago results. During last year's third quarter the company posted sales of $3.62 billion. Analysts are expecting third-quarter sales of $3.96 billion. Shares traded up $3.51 to $53.64.

Bluefly

( BFLY) fell 24.3% after the online clothing retailer issued October sales results and posted third-quarter financial results. The company's October sales fell 18% vs. a year ago. Bluefly said the large sales decline was due to the company including four fewer sales days in its most recent results. Separately, the company issued third-quarter earnings that included a loss of 21 cents a share on sales of $8.7 million. A year ago Bluefly posted a loss of 31 cents a share on sales of $8.2 million. Shares traded down 83 cents to $2.58.

Shares of

Cisco

(CSCO) - Get Report

fell 6.6% after the company posted in-line first-quarter earnings and sales but issued second-quarter sales guidance that fell below expectations. Excluding items, the network equipment company earned 21 cents a share on sales of $5.97 billion. Analysts were expecting earnings of 21 cents a share on sales of $5.97 billion. Looking ahead, Cisco predicted second-quarter sales growth of 1% to 3% vs. first-quarter results, which implies sales of $6.02 billion to $6.15 billion. Analysts had been expecting sales of $6.21 billion. Shares of Cisco traded down $1.31 to $18.44.

Other technology volume leaders included

Cisco

(CSCO) - Get Report

, down $1.31 to $18.44;

Intel

(INTC) - Get Report

, down 22 cents to $22.86;

Microsoft

(MSFT) - Get Report

, down 4 cents to $29.73;

Lucent

( LU), up 9 cents to $3.76;

Sun Microsystems

(SUNW) - Get Report

, down 13 cents to $4.60; and

Oracle

(ORCL) - Get Report

, up 3 cents to $13.38.