Shares of

MSGI Security Solutions

(MSGI)

were among technology's winners Friday, rising 42% after the provider of security software and services said that it has begun to install a subway video surveillance system for the New York City Police Department.

The installation is being done as part of a pilot program. Multiple subway locations, the company said, will be monitored by the wireless video surveillance system during the next 60 days. "MSGI's secure, covert technology has already been deployed in three undisclosed subway locations - leading to two arrests within the first hour of operation," the company said. Shares were trading up $1.91 to $6.45.

JDS Uniphase

(JDSU)

rose 4% after the company said that it would seek shareholder approval for a reverse split of 1-for-8 to 1-for-10. The optical networking parts maker is asking shareholders to vote on the reverse split during its annual shareholder meeting, which is scheduled for Dec. 1. The amendment, if approved, would also reduce the number of authorized shares to 1 billion from 6 billion. Shares were trading up 6 cents to $1.82.

Shares of

Oracle

(ORCL) - Get Report

fell 8% after the company posted first-quarter results that disappointed investors. The company reported earnings of $519 million, or 10 cents a share, on pro forma sales of $2.91 billion. Excluding items, the company would have earned $738 million, or 14 cents a share. Analysts polled by Thomson First Call were expecting earnings of 14 cents a share on sales of $2.94 billion. A year ago the company posted pro forma earnings of $535 million, or 10 cents a share, on sales of $2.22 billion.

Looking ahead, Oracle forecast second-quarter earnings of 19 cents a share on pro forma sales of $3.37 billion to $3.46 billion. Analysts had been expecting earnings of 19 cents a share on sales of $3.47 billion. Shares were trading down $1.21 to $12.31.

Global Payments

(GPN) - Get Report

rose 12% after the electronic transaction processing services company posted first-quarter results that easily topped forecasts. The company earned $30.7 million, or 76 cents a share, on sales of $224.5 million. Excluding items, the company would have earned $31.3 million, or 77 cents a share. Analysts were expecting earnings of 70 cents a share on sales of $213.2 million. A year ago the company earned $24.2 million, or 62 cents a share, on sales of $192.6 million.

Looking ahead, Global Payments now expects fiscal 2006 earnings of $2.74 to $2.86 a share on sales of $855 million to $883 million. Previously, the company said that it would earn $2.67 to $2.79 a share on sales of $839 million to $870 million. Analysts had been expecting earnings of $2.75 a share on sales of $863.6 million. Shares were trading up $7.96 to $75.47.

Shares of

Palm

( PALM) fell 18% after the company posted first-quarter results that beat expectations but forecast second-quarter results that would be weaker than expected. The maker of handheld computers earned $18.2 million, or 35 cents a share, on sales of $342.2 million. Excluding items, the company would have earned $21.1 million, or 41 cents a share. Analysts were expecting earnings of 38 cents a share on sales of $341.4 million. A year ago the company posted pro forma earnings of $21.9 million, or 43 cents a share, on sales of $272.1 million.

Looking ahead, Palm said that its deferred tax asset valuation allowance would likely be released during the second quarter. If that occurs, the company would record a one-time benefit of $240 million to $250 million. As a result, the company's tax rate would climb to 40% for the second quarter. Assuming the tax benefit is recognized, the company would earn $5 to $5.20 a share. On a pro forma basis, the company would earn between 38 cents to 43 cents a share. If the company doesn't release the allowance, it would earn 55 cents to 60 cents a share, while pro forma earnings would be between 60 cents to 65 cents a share. Sales, meanwhile, are expected to be between $435 million to $440 million. Analysts, whose estimates do not factor in the tax benefit, had been expecting earnings of 66 cents a share on sales of $450.2 million. Shares were trading down $6.15 to $28.82.

Other technology movers included

Microsoft

(MSFT) - Get Report

, down 8 cents to $25.26;

Intel

(INTC) - Get Report

, down 13 cents to $24.43;

Cisco

(CSCO) - Get Report

, down 6 cents to $18.05;

Sirius Satellite Radio

(SIRI) - Get Report

, up 5 cents to $6.64;

Apple Computer

(AAPL) - Get Report

, up 85 cents to $52.75;

Sun Microsystems

(SUNW) - Get Report

, down 2 cents to $3.87;

Dell

(DELL) - Get Report

, up 21 cents to $34.20; and

Lucent Technologies

( LU), unchanged at $3.04.