Shares of

Neoware Systems

( NWRE) were among technology's winners Friday, rising 23% after the software company posted fourth-quarter results that topped Wall Street forecasts.

The company reported pro forma earnings of $3 million, or 18 cents a share, on sales of $23 million. Analysts surveyed by Thomson First Call were expecting earnings of 12 cents a share on sales of $21.7 million. A year ago the company posted pro forma earnings of $1.7 million, or 10 cents a share, on sales of $17.1 million.

Looking ahead, Neoware forecast first-quarter sales of $22 million to $24 million. Analysts had been expecting sales of $20.8 million. For all of fiscal 2006, the company expects sales to grow by 30% or more. Shares were recently trading up $2.45 to $13.09.

Finisar

(FNSR) - Get Report

rose 26% after the network equipment company posted an in-line first-quarter loss on sales that were better than expected. The company reported a pro forma loss of $8.5 million, or 3 cents a share, on sales of $81.7 million. Analysts were expecting a loss of 3 cents a share on sales of $77.5 million. A year ago the company reported a pro forma loss of $14.3 million, or 6 cents a share, on sales of $61.9 million. Shares were trading up 24 cents to $1.15.

Shares of

Microchip Technology

(MCHP) - Get Report

traded actively after the chipmaker reaffirmed its second-quarter outlook. The company expects earnings of about 30 cents a share on sales of about $227 million. Analysts are expecting earnings of 30 cents a share on sales of $227.8 million. "The pace of both bookings and net sales has been in line with our expectations," the company said. Shares were trading down 65 cents to $29.60.

Methode Electronics

( METH) fell 2% after the electronic components maker posted first-quarter earnings that beat expectations by a penny and forecast in-line second-quarter results. The company earned $4.7 million, or 13 cents a share, on sales of $94 million. Analysts were expecting earnings of 12 cents a share. A year ago the company earned $4.6 million, or 13 cents a share, on sales of $85 million. Growth in Methode's three business segments led to the 11% jump in the company's most recent sales results.

Looking ahead, Methode forecast second-quarter earnings of 17 cents to 19 cents a share on sales of $102 million to $107 million. Analysts are expecting earnings of 18 cents a share. For all of fiscal 2006, the company reaffirmed its earnings guidance of 56 cents to 63 cents a share on sales of $385 million to $400 million. Analysts are expecting earnings of 64 cents a share. Shares were trading down 31 cents to $12.58.

Shares of

Esterline Technologies

(ESL)

fell 6% after the maker of aerospace technologies posted in-line third-quarter earnings on sales that fell slightly below expectations. The company earned $14.2 million, or 55 cents a share, on sales of $209.9 million. Analysts were expecting earnings of 55 cents a share on sales of $211.5 million. A year ago the company earned $7.6 million, or 36 cents a share, on sales of $147.4 million. The company's backlog at the end of the most recent period stood at $502.7 million, up from $324.2 million a year ago, and up from $423.8 million at the end of fiscal 2004. Shares were trading down $2.80 to $40.70.

Other technology movers included

Microsoft

(MSFT) - Get Report

, down 6 cents to $27.14;

Oracle

(ORCL) - Get Report

, up 17 cents to $13.48;

Cisco

(CSCO) - Get Report

, up 20 cents to $17.85;

Intel

(INTC) - Get Report

, unchanged at $25.26;

Applied Materials

(AMAT) - Get Report

, down 3 cents to $17.70;

Sirius Satellite Radio

(SIRI) - Get Report

, down 7 cents to $6.85;

Sun Microsystems

(SUNW) - Get Report

, down 2 cents to $3.80; and

Lucent Technologies

( LU), down 3 cents to $3.03.