( CCBL) were among technology's losers Thursday, falling 15% after the Internet services and products company posted a wider-than-expected fourth-quarter loss and forecast first-quarter results that are below expectations.
The company reported a loss of $5.7 million, or 12 cents a share, on sales of $68.5 million. Results included a restructuring charge and other items totaling 4 cents a share. Excluding items, the company would have reported a loss of 8 cents a share. Analysts polled by Thomson First Call were expecting a loss of 7 cents a share on sales of $68.4 million.
Looking ahead, C-Cor forecast a first-quarter loss of 15 cents to 20 cents a share, which includes 6 cents a share in items. Without the items, the company expects to report a loss of 9 cents to 14 cents a share. C-Cor expects sales of $65 million to $70 million. Analysts are expecting a profit of 5 cents a share on sales of $75.5 million. Shares were trading down $1.18 to $6.81.
rose 11% after the semiconductor design software company posted third-quarter results that topped forecasts. The company earned $17.3 million, or 12 cents a share, on sales of $251.5 million. Excluding one-time gains and charges, the company would have earned $15.2 million, or 10 cents a share. Analysts were expecting earnings of 8 cents a share on sales of $247.6 million. A year ago the company reported pro forma earnings of $53.2 million, or 33 cents a share, on sales of $281.7 million. Looking ahead, Synopsys forecast fourth-quarter pro forma earnings of 7 cents to 11 cents a share, in line with expectations, on sales of $248 million to $258 million, which is in line with the $251.3 million that analysts are expecting. Shares were recently trading up $1.92 to $18.90.
fell 10% after the provider of specialty contracting services to telecommunication companies said that fourth-quarter earnings and sales would be at the low end of their previous ranges. The company now expects earnings to be at the low end or slightly below its previous earnings range of 33 cents to 38 cents a share. Sales, meanwhile, are now expected to be at the low end of $250 million to $270 million. What's more, the company will record an after-tax impairment charge of about $29 million, which is related to goodwill at its White Mountain Cable Construction subsidiary. Analysts had been expecting earnings of 35 cents a share on sales of $258.3 million. Shares were trading down $2.45 to $21.61.
Harris & Harris
fell 4% after the company priced 3.05 million shares of stock at $11.25 apiece in a secondary offering, resulting in net proceeds of about $31.9 million. The price represents a 4.4% discount to Wednesday's closing price of $11.77. The offering is expected to close on Aug. 23. ThinkEquity Partners led the underwriting syndicate. Shares were trading down 51 cents to $11.26.
rose 35% after the telecom-equipment maker agreed to be acquired by privately held EAS Group -- the parent company of Excel Switching -- for about $173 million in cash. Brooktrout shareholders will receive $13.05 a share in cash for each share they hold. The price represents a premium of 38% over Wednesday's closing price of $9.45. Shares were trading up $3.34 to $12.79.
Other technology movers included
, down 11 cents to $17.73;
, down 22 cents to $25.87;
, down 4 cents to $26.91;
( NT), down 9 cents to $3.09;
, down 11 cents to $26.71;
Sirius Satellite Radio
, down 10 cents to $6.46;
, down 7 cents to $18.15;
, down 12 cents to $13.12;
, unchanged at $3.61;
, up 69 cents to $25.21;
, down 5 cents to $36.87; and
( LU), down 1 cent to $2.87.