Updated from 1:02 p.m. EDT
were among technology's losers Tuesday, falling 8.9% after the company filed to sell 11 million shares of stock.
The company, a provider of automated fingerprint identification systems, said that of the 11 million shares, it would offer 4 million. Executive officers and stockholders of the company will sell the remaining 7 million shares. Morgan Stanley and J.P. Morgan Securities are leading the underwriting syndicate. Shares traded down $2.02 to $20.75.
rose 2% after the wireless engineering services company received a $7 million contract. The contract, which was awarded by an unnamed major wireless carrier, will be completed over the next 18 months. The project is related to a multiphase FCC mandated rebanding initiative to include mitigation of public safety radio interference at 800MHz by realigning operators. Shares traded up 11 cents to $5.51.
fell 1.9% after the company backed its second-quarter guidance but tweaked its telecommunications segment outlook. The company expects earnings of 17 cents to 19 cents a share on sales of $1.08 billion to $1.13 billion. Analysts polled by Thomson First Call are expecting earnings of 18 cents a share on sales of $1.1 billion. Corning now expects sales in its telecom segment to be sequentially flat to up 5%. Previously, the company said it would post sequential sales growth of 5%. The revised outlook is due to potential lower demand, it said. Shares traded down 29 cents to $14.74.
Shanda Interactive Entertainment
( SNDA) fell 1.3% after the company posted first-quarter results that were better than expected. The online games operator earned $26.6 million, or 36 cents a share, on sales of $60 million. Analysts were expecting earnings of 33 cents a share on sales of $53.6 million. A year ago the company earned $8.7 million. Shares traded down 43 cents to $33.46.
rose 2.3% after the chipmaker backed its first-quarter earnings and sales outlook. The company expects earnings of 28 cents a share on sales of about $218 million. Analysts are expecting earnings of 28 cents a share on sales of $217.6 million. The company said it posted record bookings in April and that May is continuing at the same pace. Shares traded up 67 cents to $30.
( LU) fell 0.7% after the company backed its 2005 financial guidance. The company said that it still expects core earnings of $1.27 to $1.29 a share on sales of about $7.5 billion. Analysts are expecting earnings of $1.28 a share on sales of $7.5 billion. Including items, the company expects earnings of $1.09 to $1.11 a share. "The company does not comment on or provide customer-specific guidance," it said. "However, in light of an unsubstantiated news item posted online late yesterday afternoon, Jabil management said that its current guidance remained unchanged." Late Monday
( LU) is preparing to end its manufacturing agreement with the company. Shares traded down 19 cents to $28.89.
( ATYT) fell 6.7% after analysts raised concerns about the company's third-quarter prospects. Hans Mosesmann, an analyst at Moors & Cabot, downgraded shares to hold from buy, citing increasing evidence that growth is weaker than his firm had originally expected. As a result, the firm cut its price target on the stock to $19 from $29. Credit Suisse First Boston reiterated its outperform rating on the stock but cut its estimate for the third quarter to 18 cents a share, down from 21 cents. Analysts polled by First Call are expecting earnings of 21 cents a share on sales of $579.7 million. Shares traded down $1.10 to $15.29.
Other technology movers included
, up 37 cents to $25.70;
, down 14 cents to $12.21;
, down 3 cents to $19.06;
, down 3 cents to $25.46;
( LU), unchanged at $2.86;
, up 2 cents to $3.98; and
, down 3 cents to $16.04.