Updated from 1:01 p.m. EST
( LEXR) were among technology's winners Thursday, rising 99.3% on heavy volume after a jury ordered Toshiba to pay it more than $380 million for theft of trade secrets and breach of fiduciary duty.
The award represents damages stemming from Lexar's claim that Toshiba misappropriated technology from a 1996 collaboration agreement and used it in a flash-memory standard that has come to dominate the industry. The jury heard arguments today in the punitive damages phase of the case. Lexar, whose market cap was just $250 million before the verdict, rose $3.15 to $6.32 on volume of about 123 million shares, almost 50 times its average volume.
( PIXR) rose 0.6% after the animation studio announced a 2-for-1 stock split. After the split, the number of authorized shares will jump to 200 million from about 100 million. The split is payable to shareholders of record on April 4, and trading in the split-adjusted shares will begin on April 19. Shares traded up 59 cents to $92.84.
fell 6.6% after the computer storage company warned that fourth-quarter sales could be much lower than previous guidance. As a result of enterprise disk-drive shortages in the market, Adaptec said sales could be 9% to 13% below the company's sales guidance of $127 million to $131 million issued on Jan. 27. Analysts surveyed by Thomson First Call had been expecting sales of $128.6 million. Adaptec also warned that the "drive shortage will not only impact the demand for the fourth quarter of fiscal 2005, but could also impact" the first quarter of fiscal 2006. Shares traded down 33 cents to $4.70.
( ATYT) fell 1.6% after the maker of graphics chips offered a mixed bag of financial information. The company posted second-quarter earnings that beat expectations but warned that third-quarter sales would come up short. Excluding items, the company earned $66.2 million, or 25 cents a share, on sales of $608.2 million. Analysts expected earnings of 24 cents a share on sales of $609.4 million. Looking ahead, ATI forecast third-quarter sales of $560 million to $600 million, below analysts' expectations of $615.6 million. Shares traded down 27 cents to $16.55.
( VISG) rose 4.2% after the company said it received a new order for $1.7 million that calls for it to continue supporting the production of smart cards as part of the Common Access Card program for the U.S. Department of Defense. The new order postdates the government's initial order that was announced in May 2004. Shares traded up 15 cents to $3.73.
Other technology movers included
, up 10 cents to $24.28;
, up 13 cents to $17.88;
, up 42 cents to $16.63;
, down 11 cents to $12.40;
, down 21 cents to $23.18;
( LU), up 5 cents to $2.76;
, up $1.83 to $13.91;
Sirius Satellite Radio
, down 9 cents to $5.33;
, down 5 cents to $4.03; and
, up 54 cents to $31.41.