were among technology's winners Wednesday, rising 3.8% after the company lifted its fiscal 2006 earnings and sales outlook and said that first-quarter earnings could top forecasts.
The maker of computer-aided design software now expects earnings of $1.10 to $1.15 a share, up from previous guidance of $1.05 to $1.10 a share. Analysts polled by Thomson First Call had been expecting earnings of $1.09 a share. Sales, meanwhile, are now expected to be between $1.425 billion and $1.475 billion, up from previous guidance of $1.36 billion to $1.41 billion. Analysts had been expecting sales of $1.39 billion. For the first quarter, Autodesk forecast earnings of 27 cents to 29 cents a share on sales of $340 million to $350 million. Analysts are expecting first-quarter earnings of 27 cents a share on sales of $338.8 million. Autodesk said that it is seeing increased global demand across all of its industries. Shares traded up $1.18 to $32.07.
rose 4.6% after the company announced a strategic relationship with
in a move aimed at taking on
. As part of the relationship, IBM and Network Appliance said they would enter into an OEM agreement that would allow IBM to sell IBM branded products on NetApp's network attached storage systems. The deal will also allow for enhanced integration of NetApp applications with IBM's Tivoli storage manager. Shares of Network Appliance traded up $1.24 to $28.45, IBM traded down 57 cents to $89 and EMC traded down 24 cents to $12.29.
fell 6.4% after the technology security company said that it would post a wider first-quarter loss on lower-than-expected sales. The company now expects to post a loss of $3.5 million to $3.8 million, or 8 cents a share, on sales that are at or slightly below $14.8 million. Previously, BindView forecast a loss of $2.4 million, or 5 cents a share, on sales of $16 million. Analysts had been expecting a loss of 4 cents a share on sales of $16.5 million. BindView attributed the first-quarter shortfall to customer lockdowns tied to Sarbanes-Oxley, which resulted in several sales opportunities that were pushed into the second quarter, and the slower-than-expected change to its North American sales model. Shares traded down 19 cents to $2.80.
fell 10.2% after the telecom equipment maker warned that first-quarter results would be lower than previously forecast. The company now expects to lose $300,000 to $600,000 on sales of $17.8 million to $18.1 million. In February the company said that it would post a profit of $300,000 to $800,000 on sales of $19.5 million to $21 million. Analysts had been expecting earnings of 4 cents a share on sales of $21 million. Results were hurt by weakness in the company's TDM voice and data business and by customers finalizing second half 2004 acquisitions. Brooktrout plans to issue first-quarter results on April 21. Shares traded down $1.14 to $10.07.
rose 5.8% after the company said that it was awarded $3.3 million in new contracts. WPCS will provide wireless infrastructure services, general construction and specialty communication systems work to several companies as part of the contracts. Shares traded up 32 cents to $5.85.
Other technology movers included
, down 89 cents to $8.26;
, up 20 cents to $24.67;
, down 8 cents to $23.05;
, up 8 cents to $2.61;
, down 5 cents to $17.77; and
Sirius Satellite Radio
, down 20 cents to $5.39.