( ATSN) were among technology's losers Tuesday, falling 13.2% after the company warned that first-quarter results would fall below expectations.
The company expects to make 5 cents to 6 cents a share on sales of $102 million. Analysts polled by Thomson First Call had been expecting earnings of 9 cents a share on sales of $113.2 million. Artesyn said that sales were hurt by customer delays. As a result, several product introductions have been rescheduled to later quarters of 2005. Looking ahead, Artesyn now believes that it will post earnings growth of 20% to 35% during 2005 on sales growth of 8% to 12%. In early February, the company forecast sales growth of 15% to 20%. Shares traded down $1.09 to $7.20.
fell 16.8% after the maker of thermal imaging systems warned that first-quarter results would fall below Wall Street expectations. The company forecast earnings of 18 cents to 20 cents a share on sales of $108 million. Analysts had been expecting earnings of 23 cents a share on sales of $126.4 million. Flir said that first-quarter results were hurt by a slowdown in its imaging business. Shares traded down $4.94 to $24.49.
( MAMA) fell 11.2% after the company said that a
Securities and Exchange Commission
inquiry related to trading in the company's shares has been upgraded to a formal investigation from an informal inquiry. In addition to the stock trading, Mamma.com believes the SEC may be looking into the company's financial reporting and internal controls as well. Shares traded down 41 cents to $3.24.
rose 3.6% after the company said the Federal Bureau of Prisons' Terre Haute, Ind., facility bought multiple CommandView dome cameras for a pilot program. The pilot program is designed to evaluate Ipix' technology with the video surveillance needs of the high-security facility. Ipix said the pilot program represents the first phase of an initiative to upgrade its video surveillance system. Shares traded up 11 cents to $3.15.
fell 9.6% after the software company warned that third-quarter numbers would fall short of expectations. The company expects pro forma earnings of 17 cents to 23 cents a share on sales of $104 million to $106 million. Analysts had been expecting earnings of 29 cents a share on sales of $110.8 million. Open Text said that customers are increasing the size and mix of their enterprise content management deployments, which increases the length of time it takes to reach purchase decisions. Looking ahead, Open Text forecast fourth-quarter pro forma earnings of between 30 cents and 40 cents a share -- below analysts' expectations of 41 cents a share -- on sales of $115 million to $125 million. Shares traded down $1.62 to $15.19.
Other technology movers included
, up 25 cents to $18.24;
, up 10 cents to $23.22;
, up 35 cents to $25.32;
, down 31 cents to $33.66;
, up 9 cents to $12.49;
, up 1 cent to $4.06;
, up 74 cents to $42.66; and
( LU), down 3 cents to $2.60.