Updated from 3:28 p.m. EDT

Shares of

Teletech Holdings

(TTEC) - Get Report

were among technology's losers Thursday, falling 29% after the company posted first-quarter results that fell short of Wall Street estimates.

The provider of customer management and business process outsourcing services earned $2.7 million, or 4 cents a share, on sales of $254.3 million. Analysts polled by Thomson First Call were expecting earnings of 9 cents a share on sales of $260.8 million. A year ago the company earned $1.4 million, or 2 cents a share, on sales of $268 million. As a result of the migration of certain client programs to international locations and its Newgen unit taking longer than expected to implement a large new client program, the company believes that second-quarter sales will be comparable to first-quarter results. Analysts are expecting sales of $275.8 million. Shares traded down $3.14 to $7.70.

Imation

(IMN)

rose 1.2% after the company raised its quarterly dividend by 20%. The data storage products company will now pay a cash dividend of 12 cents a share, up from 10 cents a share. The dividend will be payable June 30 to shareholders of record on June 15. Shares traded up 42 cents to $35.14.

Shares of

InterVideo

(IVII)

rose 24.4% after the company posted strong first-quarter results and said it struck a partnership deal with

Google

(GOOG) - Get Report

. The software company earned $2.7 million, or 17 cents a share, on sales of $21.9 million during the first quarter. The one-analyst forecast called for earnings of 11 cents a share on sales of $20 million. A year ago the company earned $2.6 million, or 17 cents a share, on sales of $18.8 million. Looking ahead, InterVideo forecast second-quarter earnings of 16 cents to 18 cents a share on sales of $27 million to $30 million. The one-analyst estimate calls for earnings of 11 cents a share on sales of $19 million.

Separately, InterVideo said that it partnered with Google to help bring Intenet and personal search capabilities to PC users using InterVideo's PC software products. The initial project calls for the bundling of two recently released Google products with four main InterVideo products. Shares traded up $2.55 to $12.99.

FindWhat.com

( FWHT) fell 21.6% after the company posted first-quarter earnings that matched expectations, announced the resignation of its chief financial officer and warned that second-quarter sales would fall below expectations. The online marketing company posted adjusted earnings of $4.4 million, or 14 cents a share, on sales of $58.2 million. Analysts were expecting earnings of 14 cents a share on sales of $57.2 million. A year ago the company posted earnings of $3.9 million, or 16 cents a share, on sales of $24.7 million. Looking ahead, FindWhat.com expects second-quarter sales of $40 million to $50 million, well below the $60.1 million that analysts had been expecting. In addition to announcing financial results, the company also announced the departure of Brenda Agius. Ken Cragun, vice president of finance, will serve as interim CFO until a permanent replacement is found. Shares traded down $1.33 to $4.83.

Shares of

O2Micro International

(OIIM) - Get Report

rose 10.4% after the company posted first-quarter sales that topped forecasts. The supplier of security components and systems to computer and communication industries earned $2.1 million, or 5 cents a share, on sales of $23.3 million. Analysts were expecting earnings of 5 cents a share on sales of $23 million. A year ago the company earned $4.2 million, or 10 cents a share, on sales of $22.2 million. Shares traded up $1.08 to $11.44.

Other technology movers included

Cisco Systems

(CSCO) - Get Report

, up 35 cents to $18;

Sirius Satellite Radio

(SIRI) - Get Report

, down 9 cents to $5.32;

Intel

(INTC) - Get Report

, up 15 cents to $24.26;

Microsoft

(MSFT) - Get Report

, up 2 cents to $25.23;

Oracle

(ORCL) - Get Report

, down 6 cents to $11.66;

Siebel Systems

( SEBL), down 32 cents to $9.21;

Lucent Technologies

( LU), down 6 cents to $2.58;

Applied Materials

(AMAT) - Get Report

, up 6 cents to $15.47; and

Symantec

(SYMC) - Get Report

, down 48 cents to $19.44.