Updated from 1:16 p.m. EST
Nam Tai Electronics
were among technology's winners Monday, rising 6.1% after the company posted fourth-quarter earnings and sales that were above expectations.
The consumer-electronics company posted operating income of 24 cents a share on sales of $152.8 million. Analysts surveyed by Thomson First Call were expecting earnings of 22 cents a share on sales of $131.6 million. The company had forecast earnings of 21 cents to 23 cents a share on sales of $130 million to $135 million. Component sub-assemblies and flexible printed circuit board sub-assemblies drove sales gains. Looking ahead, Nam Tai upped its sales growth expectations to 25% a year for the next five years, up from 22% a year. Shares traded up $1.28 to $22.12.
fell 11.4% after the Internet portal company posted fourth-quarter earnings and sales that matched expectations but warned that first-quarter results would fall short of Wall Street forecasts. The company earned $6.5 million, or 17 cents a share, on sales of $24.1 million. A year ago the company earned $11.6 million, or 28 cents a share, on sales of $24.6 million. Fourth-quarter earnings were hurt by lower wireless service business. Looking ahead, Sohu.com forecast first-quarter earnings of 14 cents to 16 cents a share on sales of $22.5 million to $23.5 million, which is below the 18 cents a share on sales of $24.9 million that analysts had been expecting. Shares traded down $1.96 to $15.26.
rose 7.6% after the chipmaker posted fourth-quarter earnings that beat expectations. The company earned $7.3 million, or 47 cents a share, on sales of $47.9 million. Analysts were expecting earnings of 45 cents a share on sales of $47.9 million. A year ago Diodes earned $3.4 million, or 23 cents a share, on sales of $39.2 million. Looking ahead, Diodes said it expects first-quarter sales and margins to be comparable to fourth-quarter results. Gross margin came in at 33.9% during the fourth quarter. Analysts are expecting first-quarter sales of $47.5 million. Shares traded up $1.74 to $24.67.
rose 11.4% after the company said it was selected as one of the two companies that would provide digital certificate validation to the U.S. Department of Defense. The Defense Department's Public Key Infrastructure Program Management Office selected the company after it weeded through nine vendors that offered certificate validation solutions. Tumbleweed's Valicert Validation Authority product will be deployed some time during 2005, the company said, providing digital certificate validation to more than 1.3 million users worldwide. Shares traded up 27 cents to $2.64.
rose 21.9% after the company's subsidiary received a $3.7 million fixed-price subcontract from BAE Systems ATI. The subsidiary, Antenna Products Corp., will produce 270 low-band antenna matching unit assemblies and 346 high-band assemblies. The deliveries are scheduled to begin in June and continue on a monthly basis through September. Shares traded up $5.70 to $31.70.
Other technology movers included
, up 26 cents to $18.16;
, down 16 cents to $26.16;
, down 9 cents to $22.91;
, up 7 cents to $3.29;
, down 26 cents to $6.16; and
, down 11 cents to $13.55.