Tech Stocks in Motion

Powerwave rises on better-than-expected earnings.
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Updated from 12:51 p.m. EDT

Shares of

Powerwave Technologies

(PWAV)

were among technology's winners Monday, rising 15.8% after the wireless-equipment maker posted first-quarter earnings and sales that topped expectations.

Excluding acquisition-related charges, the company earned $9 million, or 8 cents a share, on sales of $162.2 million. Analysts surveyed by Thomson First Call were expecting earnings of 7 cents a share on sales of $151.3 million. A year ago the company reported a loss of $3.3 million, or 5 cents a share, on sales of $63.2 million. The large year-over-year increase in sales was helped by the company's acquisition of

Kaval Wireless

, which was completed on Feb. 9, and by its acquisition of

LGP Allgon Holding

, which was acquired during the second quarter of 2004. Shares traded up $1.14 to $8.36.

Brocade

(BRCD)

traded actively after the company previewed second-quarter earnings and sales that fell below expectations. The storage-area networks company expects to post earnings of 7 cents a share on sales of $144 million to $145 million when it reports its final results on May 18. In February, the company said that it would post sales of $155 million to $161 million. Analysts had been expecting earnings of 9 cents a share on sales of $158.7 million. Brocade blamed the shortfall on greater seasonability, which reflected a lower level of enterprise spending, and an extended sales cycle, which caused business from end-customers to get pushed out of the quarter. Shares of Brocade traded down 1 cent to $4.34.

Shares of

Centra Software

(CTRA) - Get Report

fell 18.5% after the company said that it expects to post a first-quarter loss and announced the resignation of its chief executive. Excluding a previously disclosed severance charge, the software company expects to post a loss of $650,000. Centra said that Leon Navickas would replace outgoing CEO Paul Gudonis immediately. "The board and Mr. Gudonis have mutually agreed that he resign his position," the company said. In addition to assuming the CEO role, Navickas, who founded the company in 1995, will continue to serve as chairman of the board as well. Shares traded down 42 cents to $1.85.

InterDigital Communications

(IDCC) - Get Report

rose 4.5% after the provider of wireless technology raised its first-quarter sales outlook. The company now expects sales of $35.3 million to $35.7 million, up from previous guidance of just over $30 million. Analysts had been expecting sales of $32.5 million. InterDigital said that it expects sales from its agreement with

General Dynamics

to generate between $4.5 million and $4.9 million in sales, an increase of $2 million to $2.4 million over the upper end of the company's previous guidance for the General Dynamics contract. InterDigital will announce its first-quarter results on May 6. Shares traded up 73 cents to $17.09.

Shares of

Eclipsys

(ECLP)

fell 11.6% after the software company posted a smaller first-quarter loss and announced a shake-up in its executive suite. The company reported a loss of $7.2 million, or 15 cents a share, on sales of $84.4 million. Analysts were expecting a wider loss of 17 cents a share on sales of $84.7 million. A year ago the company posted a loss of $13.1 million, or 28 cents a share, on sales of $68.4 million. The company also announced the departure of Paul Ruflin; Eugene Fife, who will serve as interim CEO until a permanent replacement is found, will replace Ruflin. Shares traded down $1.57 to $11.94.

Other technology movers included

Microsoft

(MSFT) - Get Report

, down 7 cents to $25.23;

Sirius Satellite Radio

(SIRI) - Get Report

, up 23 cents to $4.99;

Nortel Networks

(NT)

, down 19 cents to $2.30;

Qwest

(Q)

, up 5 cents to $3.47;

Cisco Systems

(CSCO) - Get Report

, down 1 cent to $17.26;

Intel

(INTC) - Get Report

, up 3 cents to $23.55;

Sun Microsystems

(SUNW) - Get Report

, up 14 cents to $3.76;

MCI

(MCIP)

, down 83 cents to $25.70;

Oracle

(ORCL) - Get Report

, up 4 cents to $11.60;

Siebel Systems

(SEBL)

, down 9 cents to $8.91; and

Lucent Technologies

(LU)

, up 1 cent to $2.44.6.3.84 to $34.51.