Thursday's Tech Winners & Losers

BEA Systems tumbles, while Allot Communications soars on its first day of trading.
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Shares of

BEA Systems

(BEAS)

were among technology's losers Thursday, sliding 17% after the software company reported disappointing third-quarter revenue figures.

For the period ended Oct. 31, BEA reported revenue of $347.7 million, below the $348.7 million that analysts expected. During the year-earlier quarter, the company posted revenue of $291.5 million. BEA said it won't report third-quarter earnings until it completes an internal review of its historical stock-option grants. Shares, which had climbed by nearly 67% since the beginning of the year, recently were down $2.68 to $13.01 on heavy volume.

Applied Materials

(AMAT) - Get Report

fell 4% after the chip-equipment maker's fourth-quarter results missed expectations. For the period ended Oct. 29, the company earned $449 million, or 30 cents a share, on revenue of $2.52 billion. Analysts polled by Thomson First Call expected earnings of 31 cents a share and revenue of $2.56 billion. A year earlier, the company earned $246.7 million, or 15 cents a share, on revenue of $1.72 billion.

Applied Materials forecast first-quarter earnings of 26 cents to 27 cents a share, including 3 cents a share in stock-based compensation costs. The company predicts revenue of $2.27 billion to $2.39 billion. Analysts project earnings of 29 cents a share on revenue of $2.47 billion. Shares were trading down 75 cents to $17.90.

Shares of

Allot Communications

(ALLT) - Get Report

jumped 18% on their first day of trading. The software company's initial public offering priced at $12 a share, above the proposed range of $9 to $11 a share. After deducting expenses, Allot expects to receive about $70.5 million in net proceeds from the 6.5-million share offering. Lehman Brothers and Deutsche Bank Securities led the underwriting syndicate. Shares recently traded at $14.17, up $2.17.

Shares of

Irvine Sensors

(IRSN)

skyrocketed after the developer of miniaturized infrared and electro-optical cameras said it received record bookings during the first six weeks of its fiscal year. The company received about $16.6 million in new contracts and product orders. The largest order includes a recently disclosed subcontract worth $6.9 million. Shares were trading up $1.63 to $2.70.

Shares of

Tetra Tech

(TTEK) - Get Report

fell 6% after the provider of consulting and technical services gave a weak guidance for the first quarter. For the fourth quarter ended Oct. 1, the company earned $11.8 million, or 20 cents a share, up from $9.1 million, or 16 cents a share, a year earlier. Revenue rose to $385.6 million from $351.7 million. The results beat analysts' forecast for earnings of 18 cents a share and revenue of $317.9 million.

For the first quarter, however, Tetra Tech projected earnings of 15 cents to 16 cents a share, below Wall Street's expectation of 19 cents. Shares were trading down $1.03 to $17.70.

Other technology movers included

Intel

(INTC) - Get Report

, down 8 cents to $22.24;

Dell

(DELL) - Get Report

, down $1.17 to $24.58;

Cisco Systems

(CSCO) - Get Report

, up 27 cents to $26.87;

Sirius Satellite Radio

(SIRI) - Get Report

, down 1 cent to $4.12;

Microsoft

(MSFT) - Get Report

, up 26 cents to $29.38;

Lucent Technologies

(LU)

, up 4 cents to $2.60;

Rambus

(RMBS) - Get Report

, up $2.32 to $18.97; and

Sun Microsystems

(SUNW) - Get Report

, up 1 cent to $5.42.