Tech Stocks in Motion

American Science & Engineering jumps.
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Shares of

American Science & Engineering

(ASEI)

were among technology's winners Friday, rising 20% after the maker of X-ray inspection systems posted first-quarter results that were well above Wall Street forecasts.

The company earned $8 million, or 89 cents a share, on sales of $35.2 million. Analysts polled by Thomson First Call were expecting earnings of 50 cents a share on sales of $28.2 million. A year ago the company posted a loss of $541,000, or 7 cents a share, on sales of $16.8 million. "This past quarter's exception results are due to the increased recognition and effectiveness of our proprietary Z Backscatter technology," the company said.

On Monday, shares rose after the company announced a $9.4 million order from the U.S. government for eight Z Backscatter Van X-ray screening systems. Shares were recently trading up $7.35 to $44.70.

Openwave Systems

(OPWV)

fell 6% after the software products and services company posted fourth-quarter results that fell short of expectations. The company reported a loss of $62.3 million, or 91 cents a share, on sales of $100.3 million. Excluding items, however, the company would have posted pro forma earnings of $4.8 million, or 7 cents a share. Analysts were expecting earnings of 8 cents a share on sales of $102.4 million. A year ago the company reported a pro forma loss of $621,000, or 1 cent a share, on sales of $76.8 million. Shares were trading down $1.10 to $17.65.

Shares of

Plato Learning

(TUTR)

fell 17% after the provider of e-learning products warned that third-quarter results would fall below expectations. The company expects a loss of $1.5 million to $3.5 million on sales of $30 million to $32 million. Analysts had been expecting a profit of 41 cents a share on sales of $45.6 million. A year ago the company reported sales of $40.6 million. Plato blamed the weaker-than-expects results on a shortfall in courseware orders. Given the third-quarter sales performance, the company said it expects fourth-quarter sales to be below last year's $42.4 million. Analysts are expecting fourth-quarter earnings of 22 cents a share on sales of $46.1 million. Shares were trading down $1.43 to $7.03.

Computer Sciences

(CSC)

fell 4% after the company reported first-quarter results that topped forecasts. The information technology services company posted earnings of $131.6 million, or 70 cents a share, on sales of $3.58 billion. Excluding a gain, the company would have posted earnings from continuing operations of $108.7 million, or 58 cents a share. Analysts were expecting earnings of 55 cents a share on sales of $3.51 billion. A year ago the company posted earnings from continuing operations of $92.9 million, or 49 cents a share, on sales of $3.3 billion.

Looking ahead, Computer Sciences forecast second-quarter earnings that will be in the mid-to-upper 60-cent range on sales of $3.6 billion. Analysts are expecting earnings of 69 cents a share on sales of $3.65 billion. Shares were trading down $1.93 to $44.91.

Shares of

Plug Power

(PLUG) - Get Report

fell 6% after the company sold 11 million shares of stock at $6.25 a share, raising $68.8 million in gross proceeds. The price tag represents a 6% discount to Thursday's closing price of $6.64. The company plans to use the proceeds for working capital and other general corporate purposes. Citigroup Global Markets led the underwriting syndicate. Shares were trading down 39 cents to $6.25.

Other technology movers included

Microsoft

(MSFT) - Get Report

, up 23 cents to $27.55;

Taiwan Semiconductor

(TSM) - Get Report

, down 10 cents to $8.55;

Intel

(INTC) - Get Report

, down 32 cents to $26.69;

Cisco Systems

(CSCO) - Get Report

, down 3 cents to $19.40;

Sun Microsystems

(SUNW) - Get Report

, down 7 cents to $3.73;

Lucent Technologies

(LU)

, down 3 cents to $2.85;

Sirius Satellite Radio

(SIRI) - Get Report

, unchanged at $6.81; and

Oracle

(ORCL) - Get Report

, down 10 cents to $13.20.