Updated from 3:15 p.m. EDT
( ARDI) were among technology's losers Friday, falling 17.3% after the company posted first-quarter results that fell short of Wall Street estimates and announced the resignation of its chief financial officer.
The mobile resource management solutions company posted a loss of $7.4 million, or 13 cents a share, on sales of $20 million. Analysts polled by Thomson First Call were expecting a loss of 1 cent a share on sales of $20.6 million. Results included the operations of recently acquired Vidus Limited, $5.6 million in in-process research and development costs and $500,000 in intangibles amortization related to the Vidus acquisition. @Road also announced the departure of Mike Johnson, who served as CFO since June 2004. Carol Rice-Murphy, vice president of finance, will serve as interim CFO until a permanent replacement is found. Johnson, the company said, is leaving to pursue other opportunities with privately-held companies. Shares traded down 59 cents to $2.83.
fell 13.2% after the digital video systems company previewed first-quarter earnings and sales that fell below expectations. The company now expects break-even earnings to a loss of 3 cents a share on sales of $30 million to $32 million. Previously, SeaChange forecast earnings of 3 cents a share on sales of $40 million. The company blamed the weak performance on unanticipated delays in the booking, shipment or acceptance of certain orders. Analysts are expecting earnings of 4 cents a share on sales of $39.4 million. Shares traded down $1.36 to $8.97.
rose 5.8% after the company posted fourth-quarter sales that were better than expected. The software maker posted earnings of $26.7 million, or 7 cents a share, on sales of $318.8 million. Analysts were expecting earnings of 7 cents a share on sales of $316 million. A year ago the company earned $33.9 million, or 9 cents a share, on sales of $337.7 million. Looking ahead, Compuware expects fiscal 2006 earnings of 30 cents to 35 cents a share, in line with analysts' expectations of 35 cents a share. Shares traded up 35 cents to $6.40.
( SONE) fell 17% after the software maker posted first-quarter results that were below expectations and warned that second-quarter results would disappoint investors. The company posted earnings of $720,000, or 1 cent a share, on sales of $62.4 million. Analysts were expecting earnings of 3 cents a share on sales of $65.3 million. A year ago the company earned $444,000, or 1 cent a share, on sales of $56.1 million. Looking ahead, S1 forecast second-quarter earnings of 1 cent to 3 cents a share on sales of $63 million to $64.5 million. Analysts had been expecting earnings of 6 cents a share on sales of $68.9 million. Shares traded down 89 cents to $4.35.
fell 30.7% after the maker of wireless gear warned of a big second-quarter shortfall and set plans to cut 17% of its workforce. The company posted first-quarter earnings of $38 million, or 29 cents a share, on sales of $901.9 million. The results easily outpaced analysts' expectations of 14 cents a share in earnings on sales of $800.8 million. The company's second-quarter outlook, however, spooked investors. The company forecast second-quarter sales of $740 million, well below the $844 million that analysts are expecting. UTStarcom blamed the shortfall on a faster-than-expected decline in sales of its personal wireless access systems in China. In an effort offset the weakness in China, the company said it would cut about 1,400 jobs. The restructuring is expected to cut operating expenses by about $40 million a quarter -- with the full effect realized by the fourth quarter of 2005. Shares traded down $3.21 to $7.24.
Other technology movers included
, down 1 cent to $25.22;
, up 23 cents to $24.49;
, up 2 cents to $18.02;
Sirius Satellite Radio
, up 6 cents to $5.38;
( SEBL), up 42 cents to $9.63; and
( LU), unchanged at $2.58.