( IWOV) were among technology's losers Thursday, falling 7% after the company cut its second-quarter forecast.
The data management software company expects to report a loss of 1 cent a share or post break-even results on sales of $40.5 million to $41.5 million. Excluding items, the company expects to post earnings of 5 cents to 6 cents a share. Analysts surveyed by Thomson First Call had been expecting earnings of 6 cents a share on sales of $44 million. "Our second-quarter results were impacted by several deals that slipped and did not close by the end of the quarter," the company said. Shares were trading down 55 cents to $7.12.
fell 8% after the company slashed its second-quarter forecast. The company, which provides information technology consulting services, now expects earnings of 10 cents a share on sales of $239 million to $240 million. Previously, the company forecast earnings of 13 cents to 14 cents a share on sales of $244 million to $248 million. Analysts had been expecting earnings of 14 cents a share on sales of $245.1 million. Results were hurt by foreign exchange weakness in Europe and by high costs associated with Danish projects. Shares were trading down 61 cents to $7.42.
Integrated Device Technology
fell 5% after the company lowered its first-quarter sales forecast. The company now expects to post a sequential sales decline of 3% to 4%. Previously, the company said that it would post flat sales to up 4%. During the fourth quarter the company reported sales of $97.1 million. Analysts are expecting first-quarter sales of $99.8 million. IDT blamed the shortfall on general weakness across most of its end markets, excluding its enterprise business, and on softness in distribution sales. Shares were trading down 51 cents to $10.43.
fell 10% after the company warned that second-quarter results would disappoint investors. The company also said that it would cut its workforce by about 15%. Vitria, a software provider, expects to report a loss of $6 million to $7 million, or 18 cents to 20 cents a share, on sales of $12 million. The single-analyst estimate called for a loss of 7 cents a share on sales of $17 million. Second-quarter results will include a restructuring charge of about $900,000, the company said. The company said that more than half of the job cuts have already taken place; the remaining reduction will take place during the third quarter, primarily through attrition. Shares were trading down 34 cents to $3.15.
RF Micro Devices
rose 3% after the chipmaker raised its first-quarter sales guidance. The company now expects sales of $159.3 million, up from previous guidance that called for sales in the mid-$150 million range. Without a $5 million cash charge, the company would have forecast sales of $164.3 million. RF Micro attributed the sales bump to stronger-than-expected order activity for its power amplifiers, Polaris chipsets and Bluetooth products. Analysts had been expecting sales of $156.3 million. Shares were trading up 17 cents to $5.72.
Other technology movers included
, down 4 cents to $24.66;
, down 7 cents to $26.43;
, down 4 cents to $18.78;
, down 5 cents to $13.27;
Sirius Satellite Radio
, up 1 cent to $6.64;
, down 9 cents to $3.61; and
( LU), down 3 cents to $2.90.