Updated from 12:50 p.m. EDT
were among the best-performing technology stocks Thursday, rising 11.4% after the company posted fourth-quarter results that were better than expected and said first-quarter results would top expectations as well.
Excluding items, the semiconductor test-equipment maker posted a loss of 14 cents a share on sales of $112.8 million. Analysts polled by Thomson First Call were expecting a loss of 18 cents a share on sales of $110.7 million. Looking ahead, Credence forecast a first-quarter loss of 15 cents to 19 cents a share on sales of $100 million to $105 million. Analysts had been expecting a loss of 20 cents a share on sales of $99.6 million. Shares traded up 93 cents to $9.09.
fell 11.2% after the company said it would sell $40 million in convertible senior notes due 2009. Mindspeed intends to use proceeds from the offering to buy U.S. government securities, which will be pledged to the trustee for the payment of a portion of the interest payments on the notes when they become due, and for general corporate purposes. Shares traded down 29 cents to $2.30.
fell 18.1% after the provider of broadband services posted a small third-quarter profit on a 7% sales decline. The company earned $688,000 on sales of $22 million. A year earlier the company posted a loss of $2.7 million on sales of $23.7 million. GigaMedia said the sales decline was due to a general downturn in Taiwan's retail music distribution industry, which impacted its music distribution business. Looking ahead, the company said the general business environment "remains challenging, with continuing weakness in the music distribution market and strong competition in the broadband ISP market." Despite these challenges, it said, it remains confident that it can deliver profitable results. Shares traded down 44 cents to $1.99.
rose 7.8% after the company announced a license agreement with Fujitsu Limited. Transmeta will provide advanced technologies for power management and transistor leakage control, which will be used by Fujitsu in current and future semiconductor products. Shares traded up 13 cents to $1.80.
fell 6% after the company posted a wider loss on lower sales. The electronics retailer posted a loss of $6.5 million, or 43 cents a share, on sales of $157.2 million. A year ago, it posted a loss of $6.2 million, or 42 cents a share, on sales of $159.7 million. Same-store sales, meanwhile, declined 8% during the third quarter. The sales decrease, the company said, was due to "traffic declines driven by residual effects from last year and shifting competitive pressures." Shares traded down 17 cents to $2.65.
Other technology volume leaders included
Sirius Satellite Radio
, up 28 cents to $7.26;
, down 39 cents to $22.71;
, down 16 cents to $27.09;
, down 2 cents to $3.97;
, down 7 cents to $5.39;
, up 5 cents to $19.20; and
, down 22 cents to $17.50.