Tech Stocks in Motion - TheStreet

Updated from 1:58 p.m. EST

Shares of

TiVo

(TIVO) - Get Report

were among technology's winners Tuesday, rising 74.9% after the company announced an agreement with

Comcast

(CMCSA) - Get Report

that would allow Comcast to provide TiVo's service and advertising capability to its customers.

The deal is a long-term, nonexclusive partnership that will give millions of Comcast customers access to TiVo's service and other features, including Season Pass and WishList, which is an additional option. Financial terms of the deal were not disclosed. The TiVo service is expected to be available to Comcast customers in most markets during mid-to-late 2006. Shares of TiVo traded up $2.87 to $6.70.

Ionatron

(IOTN)

rose 11% after the energy weapon technology company posted fourth-quarter results that pleased investors. The company lost $95,000 on sales of $6.2 million. A year ago the company reported a loss of $382,000, or 1 cent a share, on sales of $235,000. The jump in sales was attributed to work performed on a new effects testing contract and by three existing contracts with agencies of the U.S. government. For the full year, the company reported a loss of $3.3 million, or 5 cents a share, on sales of $10.9 million. During 2003 the company posted a loss of $3.2 million, or 7 cents a share, on sales of $383,000. Shares traded up 92 cents to $9.32.

Shares of

Sonus Networks

(SONS)

ended the day unchanged after the company, which makes advanced phone switches, posted in line earnings on sales that fell just below expectations. The company earned $6.3 million, or 2 cents a share, on sales of $45.1 million. Analysts surveyed by Thomson First Call had expected earnings of 2 cents a share on sales of $46.2 million. Earnings for all of 2004 came in at $24.5 million, or 10 cents a share, on sales of $170.7 million. During 2003 the company reported a loss of $15.1 million, or 7 cents a share, on sales of $93.2 million. Shares were unchanged at $4.36.

Despite posting fourth-quarter earnings and sales that topped expectations,

Verint Systems

(VRNT) - Get Report

slid 9.1% Tuesday. The software maker posted pro forma earnings of $7.6 million, or 23 cents a share, on sales of $69 million. Analysts expected earnings of 22 cents a share on sales of $67 million. A year ago the company reported pro forma earnings of $6 million, or 19 cents a share, on sales of $52.4 million. The sales jump was due to continued to demand for the company's actionable intelligence solutions. Shares traded down $3.59 to $35.75.

Shares of

GrafTech International

(GTI)

fell 26.7% after the company posted in-line fourth-quarter results but said that 2005 earnings and sales would be below expectations. Excluding items, the company posted earnings of $11 million, or 11 cents a share, on sales of $232 million. Analysts expected earnings of 11 cents a share on sales of $209 million. For the full year, the company posted earnings of $44 million, or 43 cents a share, on sales of $848 million. Looking ahead, the company forecasts 2005 earnings of $55 million to $65 million, or 50 cents to 60 cents a share, on sales growth of 10%. Analysts had been expecting earnings of 83 cents a share on sales of $945.5 million, or sales growth of 11.5%. Shares traded down $2.40 to $6.60.

Other technology movers included

Microsoft

(MSFT) - Get Report

, down 20 cents to $24.91;

Intel

(INTC) - Get Report

, down 39 cents to $23.88;

Cisco

(CSCO) - Get Report

, down 29 cents to $18.25;

Lucent

(LU)

, down 2 cents to $2.91;

Oracle

(ORCL) - Get Report

, unchanged at $13.15;

Sirius Satellite Radio

(SIRI) - Get Report

, unchanged at $5.33;

Sun Microsystems

(SUNW) - Get Report

, down 4 cents to $4.35;

Applied Materials

(AMAT) - Get Report

, down 33 cents to $16.20; and

eBay

(EBAY) - Get Report

, up 59 cents to $37.07.