Tech Stocks in Motion

Entrust rises on State Department contract.
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Updated from 1:49 p.m.

Shares of

Photronics

(PLAB) - Get Report

were among technology's winners Wednesday, rising 25.3% after the company posted second-quarter results that easily topped Wall Street expectations.

The maker of photomasks, a key element in the manufacture of semiconductors, posted earnings of $10.6 million, or 28 cents a share, on sales of $112.9 million. Results included a 1-cent charge related to the early redemption of convertible notes. Analysts polled by Thomson First Call were expecting earnings of 20 cents a share on sales of $105.4 million. A year ago the company earned $6 million, or 17 cents a share, on sales of $97.2 million. Shares traded up $4.42 to $21.91.

Entrust

(ENTU)

rose 7.9% after the company said the U.S. State Department would use its digital signature technology to deploy the next generation of passports. The chip-enabled passports will use digital signatures that will help improve homeland security and create more efficient travel management. In particular, the State Department can use the technology for personal biometric information that will help protect against illegal entry, counterfeiting and fraud. Financial terms were not disclosed. Shares traded up 31 cents to $4.26.

Shares of

Applied Materials

(AMAT) - Get Report

fell 0.6% on heavy volume after the company posted second-quarter earnings that topped forecasts but warned that third-quarter results would be below expectations. The company earned $304.8 million, or 18 cents a share, on sales of $1.86 billion. Analysts were expecting earnings of 17 cents a share on sales of $1.8 billion. A year ago the company earned $373.3 million, or 22 cents a share, on sales of $2.02 billion. Looking ahead, Applied Materials forecast third-quarter earnings of 12 cents to 14 cents a share on a sequential sales decline that will cause sales to fall below analysts' expectations of $1.84 billion. Shares traded down 10 cents to $15.94 on volume of about 78 million shares.

Click Commerce

(CKCM)

rose 16.8% after the company said it was issued a database security patent for its Business Suite 7.5 sales and order management software. The software allows business customers to configure and administer security policies within their computer systems. Shares traded up $2.91 to $20.19.

Shares of

Motorola

(MOT)

rose 2.9% after the company announced a five-year frame agreement to supply a global system for mobile communications, or GSM network, to KaR-Tel, a subsidiary of

VimpleCom

(VIP)

. The deal, which is valued at $100 million, calls for the purchase of equipment and services that will allow KaR-Tel to increase its subscriber capacity. Shares traded up 48 cents to $16.90.

Other technology movers included

Microsoft

(MSFT) - Get Report

, up 24 cents to $25.70;

Intel

(INTC) - Get Report

, up 23 cents to $25.93;

Cisco Systems

(CSCO) - Get Report

, up 18 cents to $19.24;

Lucent Technologies

(LU)

, up 2 cents to $2.88;

Hewlett-Packard

(HPQ) - Get Report

, up $1 to $22.55; and

Oracle

(ORCL) - Get Report

, up 12 cents to $12.33.