were among technology's winners Thursday, jumping 14% after the chip designer posted better-than-expected third-quarter results.
The company earned $43.6 million, or 11 cents a share, on revenue of $493 million. Excluding items, earnings were $64.6 million, or 16 cents a share. Analysts polled by Thomson First Call expected earnings of 12 cents a share, before items, on revenue of $489.6 million. During the year-earlier quarter, LSI recorded adjusted earnings of $45.1 million, or 11 cents a share, on revenue of $481.7 million.
Looking ahead, LSI forecast adjusted fourth-quarter earnings of 15 cents to 18 cents a share, with revenue of $500 million to $525 million. Analysts project earnings of 15 cents a share and revenue of $515.8 million. Shares were trading up $1.34 to $9.69.
( RHAT) tumbled 27% after computing giant
said it will offer full support for customers running the smaller company's version of the operating system. The move hurts Red Hat because the vendor derives much of its revenue from selling support and maintenance to corporate customers. Shares of Red Hat recently were down $5.17 to $14.34.
fell 7% after the security-software company's second-quarter results came in slightly below Wall Street forecasts. For the period ended Sept. 29, the company earned $123.4 million, or 12 cents a share, on revenue of $1.26 billion. Excluding items, Symantec earned $258.7 million, or 26 cents a share, on revenue of $1.28 billion. Analysts expected earnings of 27 cents a share and revenue of $1.29 billion. During the year-earlier quarter, the company reported a loss of $251.3 million, or 21 cents a share, on revenue of $1.06 billion. Adjusted for items, year-ago earnings were $272.8 million, or 23 cents a share, on revenue of $1.19 billion.
For the fiscal third quarter, Symantec sees adjusted earnings of 29 cents to 30 cents a share and revenue of $1.33 billion to $1.36 billion. Analysts project earnings of 30 cents a share on revenue of $1.35 billion. Shares were down $1.44 to $19.35.
( KBAY) jumped 13% after the information technology company agreed to be acquired by Capgemini, a French computer services company, for $29 a share, or $1.25 billion. The price represents a premium of 16% over Wednesday's closing price of $25.02. The deal, projected to close by early 2007, is expected to be accretive to Capgemini's 2007 earnings by 5% and by 10% during 2008. Shares of Kanbay were adding $3.31 to $28.33.
surged 17% after the outsourcing provider's third-quarter earnings beat analysts' target. The company earned $12.8 million, or 18 cents a share, on revenue of $303.8 million. Analysts expected earnings of 13 cents a share on revenue of $310 million. During the year-earlier quarter, TeleTech earned $11.6 million, or 16 cents a share, on revenue of $274.3 million.
Looking ahead, TeleTech raised its fourth-quarter operating margin projection to 7% to 8% from an earlier forecast of 6% to 7%. Shares were trading up $2.64 to $18.45.
( NETL) slid 20% after the semiconductor company's third-quarter revenue missed expectations. Excluding items, the company earned $7.1 million, or 33 cents a share, in the quarter, matching analysts' mean estimate. Revenue totaled on revenue of $26.6 million, compared with analysts' forecast of $27 million. During the year-earlier period, the company posted adjusted earnings of $4 million, or 21 cents a share, on revenue of $20 million. Shares were down $5.40 to $19.10.
Other technology movers included
, up 3 cents to $5.33;
, down 12 cents to $28.19;
Level 3 Communications
, up 7 cents to $5.46;
, down 9 cents to $21.63;
, down 28 cents to $24.01; and
, up 20 cents to $17.42.