Tech Stocks in Motion

Wind River jumps on a first-quarter profit beat.
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Updated from 1:24 p.m. EDT

Shares of

Wind River Systems

(WIND)

were among technology's winners Thursday, rising 22% after the company swung to a first-quarter profit that topped forecasts.

The company earned $1.8 million, or 2 cents a share, on sales of $61.8 million. Excluding items, the company would have earned 3 cents a share. Analysts polled by Thomson First Call were expecting earnings of 2 cents a share on sales of $59.7 million. A year ago the company reported a loss of $3.8 million, or 5 cents a share, on sales of $52.8 million.

Looking ahead, the software maker forecast second-quarter pro forma earnings of 5 cents to 6 cents a share on sales of $64 million to $65 million. Analysts are looking for earnings of 6 cents a share on sales of $65.1 million. For fiscal 2006, the company expects pro forma earnings of 28 cents to 30 cents a share on sales of $267 million to $270 million. Analysts are looking for earnings of 28 cents a share on sales of $267.3 million. Shares traded up $2.97 to $16.45.

EFJ

(EFJI)

fell 9% after the company said it would sell 6 million shares of stock in a follow-on offering. In a regulatory filing the wireless telecommunications systems company said that it would use proceeds from the sale to fund general corporate purposes, including business development activities, possible acquisitions, and research and development. Underwriters include A.G. Edwards, Needham and C.E. Unterberg Towbin. Shares traded down 69 cents to $7.01.

Shares of

Ericsson

(ERICY)

rose modestly after the company signed a $150 million contract with one of Russia's largest mobile operators, OAO Mobile TeleSystems. The contract calls for Ericsson to deliver switching and radio equipment that will be used to expand Mobile TeleSystems' GSM network capacity and coverage in six regions. Ericsson has already started shipping products to all six regions and expects deliveries to be completed by the end of 2005. Shares traded up 6 cents to $31.71.

Novell

(NOVL)

fell 7.2% after the network software company posted second-quarter results Wednesday that fell below expectations. The company reported a loss of $15.8 million, or 4 cents a share, on sales of $297.1 million. Excluding items, the company earned $1 million, or break-even on a per-share basis. Analysts were expecting earnings of 3 cents a share on sales of $301.9 million. A year ago the company posted pro forma earnings of $14 million, or 3 cents a share, on sales of $293.6 million. Shares traded down 45 cents to $5.83.

Shares of

Xyratex

(XRTX)

rose 5.5% after the maker of disk drive components said it would acquire privately held

Oliver Design

for $17.2 million in cash. Oliver is a maker of disk-drive, media-cleaning technology. The acquisition is expected to be accretive to Xyratex's 2005 earnings. For the year ended Dec. 31, 2004, Oliver Design posted sales of about $18 million. Analysts are expecting 2005 earnings of $1.47 a share on sales of $633.6 million. Shares traded up 88 cents to $16.96.

Other technology movers included

Intel

(INTC) - Get Report

, up 37 cents to $27.37;

Cisco Systems

(CSCO) - Get Report

, up 28 cents to $19.90;

Microsoft

(MSFT) - Get Report

, up 19 cents to $25.90;

Oracle

(ORCL) - Get Report

, up 17 cents to $12.92;

Applied Materials

(AMAT) - Get Report

, up 29 cents to $16.69;

Sirius Satellite Radio

(SIRI) - Get Report

, up 15 cents to $5.79;

Lucent Technologies

(LU)

, unchanged at $2.81; and

eBay

(EBAY) - Get Report

, up 26 cents to $37.23.