The Tech Stocks in Motion

Tough break for LTX.
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Shares of

Credence Systems

(CMOS)

were among technology's losers Friday, falling 13% after the software company forecast fourth-quarter numbers that didn't impress investors.

The company reported third-quarter pro forma earnings of $116,000, or less than a penny a share, on sales of $111.9 million. Analysts polled by Thomson First Call were expecting a loss of 2 cents a share on sales of $108.7 million. A year ago the company earned $19.4 million, or 20 cents a share, on sales of $163.7 million.

Looking ahead, Credence forecast fourth-quarter pro forma earnings of up to 4 cents a share on sales of $112 million to $120 million. Analysts had been expecting earnings of 4 cents a share on sales $120.9 million. Shares were trading down $1.37 to $9.11.

OmniVision

(OVTI)

rose 12% after the company said second-quarter sales would easily exceed expectations. The chipmaker earned $14.4 million, or 24 cents a share, on sales of $96 million. Analysts were expecting first-quarter earnings of 26 cents a share on sales of $95.3 million. A year ago the company earned $19.9 million, or 32 cents a share, on sales of $98.8 million.

Looking ahead, OmniVision forecast second-quarter earnings of 28 cents to 33 cents a share on sales of $110 million to $120 million. Analysts had been expecting earnings of 29 cents a share on sales of $103.1 million. Shares were trading up $1.61 to $14.99.

Shares of

Novell

(NOVL)

rose 2% after the company posted third-quarter earnings that were better than expected. Excluding items, the network software company earned $14.5 million, or 3 cents a share, on sales of $290.2 million. Analysts were expecting earnings of 2 cents a share on sales of $300.9 million. A year ago the company posted pro forma earnings of $14.4 million, or 3 cents a share, on sales of $304.6 million. Shares were trading up 10 cents to $6.27.

Western Digital

(WDC) - Get Report

traded actively after the company said president and chief operating officer Arif Shakeel would become its chief executive on Oct. 1. Shakeel will also retain his current title of president. Matt Massengill, the company's current chairman and CEO, will stay with the company and assume the executive chairman position. Shares were trading down 31 cents to $13.94.

Shares of

LTX

(LTXX)

fell 20% after the supplier of semiconductor test solutions posted in-line fourth-quarter results but warned that its first-quarter loss would be higher than expected. The company reported a loss of $6.2 million, or 10 cents a share, on sales of $38.9 million. Analysts were expecting a loss of 10 cents a share on sales of $38.6 million. A year ago the company posted a profit of $8.9 million, or 14 cents a share, on sales of $80.4 million.

Looking ahead, LTX forecast a first-quarter loss of 8 cents to 10 cents a share on sales of $43 million to $45 million. Guidance includes about $1 million in stock option expense. Analysts had been expecting a smaller loss of 5 cents a share on sales of $43.6 million. Shares were recently trading down $1.15 to $4.53.

Other technology movers included

Cisco

(CSCO) - Get Report

, down 8 cents to $17.40;

Intel

(INTC) - Get Report

, down 3 cents to $25.43;

Microsoft

(MSFT) - Get Report

, down 9 cents to $26.94;

Sun Microsystems

(SUNW) - Get Report

, up 2 cents to $3.65;

Sirius Satellite Radio

(SIRI) - Get Report

, up 6 cents to $6.64;

Oracle

(ORCL) - Get Report

, down 11 cents to $12.86;

Lucent Technologies

(LU)

, down 4 cents to $3.04; and

Symantec

(SYMC) - Get Report

, up 15 cents to $20.16.