Updated from 1:42 p.m.

Shares of

Black Box

(BBOX) - Get Report

were among technology's losers Wednesday, falling 12.3% after the company posted third-quarter earnings and sales that fell below expectations.

The computer networking products company earned $9.2 million, or 52 cents a share, on sales of $126.9 million. Analysts polled by Thomson First Call were expecting earnings of 63 cents a share on sales of $128 million. A year ago the company earned $12.2 million, or 66 cents a share, on sales of $133.1 million. Looking ahead, Black Box said that it expects to post first-quarter sales of $174 million to $177 million, reflecting sales from its Norstan acquisition. Shares traded down $5.64 to $40.40.

Multi-Fineline Electronix

(MFLX)

rose 16.7% after the company posted strong first-quarter earnings and sales. The provider of assembly solutions used by the electronics industry earned $9.5 million, or 38 cents a share, on sales of $84.4 million. Analysts were expecting earnings of 32 cents a share on sales of $81.4 million. A year ago the company posted earnings of $2.1 million, or 12 cents a share, on sales of $53.5 million. The latest quarter benefited from strong growth in the company's wireless telecom business and a 54% jump in sales to

Motorola

( MOT). Looking ahead, Multi-Fineline forecast second-quarter earnings of $6.2 million to $8.5 million on sales of $74 million to $80 million. Analysts are expecting earnings of 27 cents a share on sales of $74.6 million. Shares traded up $2.76 to $19.25.

Shares of

Google

(GOOG) - Get Report

surged 7.3% from Tuesday's close after the company turned in fourth-quarter earnings and sales that blew past expectations. Excluding stock-based compensation, the company earned 87 cents a share on sales of $653.5 million. Analysts were expecting earnings of 77 cents a share. Traffic-acquisition costs fell to 77% during the quarter, down from 85% a year ago. Shares of Google traded up $14.06 to $205.96. Since going public in August 2004 at $85 a share, the stock has climbed almost 150%.

ATMI

(ATMI)

rose 12.8% after the supplier of packaging materials used by the semiconductor industry posted fourth-quarter earnings and sales that were above expectations. Excluding items, the company earned 22 cents a share on sales of $64.9 million. Analysts were expecting earnings of 17 cents a share on sales of $61.2 million. Looking ahead, ATMI forecast first-quarter earnings of 17 cents to 23 cents a share on sales of $63 million to $67 million. Analysts had been expecting earnings of 17 cents a share on sales of $61.4 million. Shares traded up $3.05 to $26.78.

Shares of

Computer Programs and Systems

(CPSI) - Get Report

rose 15% after the software provider posted fourth-quarter earnings and sales above expectations and said that first-quarter results would top forecasts as well. The company earned $2.8 million, or 26 cents a share, on sales of $24.3 million. Analysts were expecting earnings of 24 cents a share on sales of $22.7 million. Looking ahead, the company expects first-quarter earnings of 23 cents to 25 cents a share on sales of $23 million to $24 million. Analysts had been expecting earnings of 20 cents a share on sales of $21 million. Shares traded up $3.32 to $25.42.

Other technology movers included

JDS Uniphase

(JDSU)

, down 5 cents to $2.02;

Microsoft

(MSFT) - Get Report

, up 7 cents to $26.46;

Intel

(INTC) - Get Report

, down 5 cents to $22.58;

Cisco

(CSCO) - Get Report

, up 2 cents to $18.15;

Sun Microsystems

(SUNW) - Get Report

, down 3 cents to $4.39;

Sirius Satellite Radio

(SIRI) - Get Report

, up 7 cents to $6.36; and

Lucent

( LU), up 2 cents to $3.27.