( DGIN) were among technology's winners Thursday, soaring 16% after the software company agreed to be acquired by
for about $1.35 billion in cash.
Intuit will pay $39 a share for Digital Insight, an 18% premium over Wednesday's closing price of $33. Intuit expects the transaction to be dilutive by 2 cents to 3 cents a share on an adjusted basis during the current fiscal year. The software company expects the transaction to add to earnings in fiscal 2008.
"The combination of two industry leaders will put Intuit in an excellent position to bring a new generation of online banking solutions to market in a way that will redefine the way small businesses and consumers manage their financial lives," Intuit said. The deal is expected to close in the first quarter of 2007. Shares of Digital Insight were trading up $5.21 to $38.21, while shares of Intuit were lower by 14 cents to $31.75.
surged 16% after the company announced an $18 million investment in
WorldWater & Power
. Emcore, a maker of semiconductor-based components for broadband, fiber optic, satellite and solar photovoltaic companies, will receive a 31% equity stake in WorldWater. Emcore will become WorldWater's exclusive supplier of certain types of solar cells, with a contract valued at up to $100 million over the next three years. Shares of Emcore recently were up 88 cents to $6.19.
fell 9% after the maker of digital video recorders posted mixed third-quarter results and gave a lower-than-expected fourth-quarter forecast. For the period ended Oct. 31, the company reported a loss of $11.1 million, or 12 cents a share, on service and technology revenue of $52.6 million. Analysts polled by Thomson First Call expected a loss of 14 cents a share on revenue of $55.6 million. During the year-earlier period, the company recorded a loss of $14.2 million, or 17 cents a share, on service and technology revenue of $43.2 million.
TiVo projected a fourth-quarter loss of $33 million to $38 million. The company forecast service and technology revenue of $54 million to $55 million. Analysts project a loss of $23.4 million, or 24 cents a share, and service and technology revenue of $61.2 million. Shares were trading down 57 cents to $5.72.
jumped 11% after the software company's fourth-quarter results and first-quarter guidance exceeded Wall Street forecasts. For the quarter ended Oct. 31, the company earned $9.6 million, or 7 cents a share. Excluding items, the company earned $30.1 million, or 21 cents a share, beating analysts' forecast by 2 cents. Synopsys reported revenue of $283.4 million, compared with Wall Street's $279.8 million estimate. A year earlier, the company reported adjusted earnings of $15.3 million, or 10 cents a share, on revenue of $254.8 million.
Looking ahead, Synopsys forecast first-quarter adjusted earnings of 26 cents to 28 cents a share, well above analysts' mean estimate of 21 cents. The company anticipates revenue of $292 million to $300 million, compared with Wall Street's projection of $278.7 million. Shares were trading at $25.68, up $2.44.
rose 4% after the Russian telecom company's third-quarter results topped estimates. The company earned $268.4 million, or $1.32 a share, up from $195 million, or 96 cents a share, a year earlier. Revenue rose to $1.36 billion from $890.3 million. Analysts expected earnings of $1.23 a share on revenue of $1.31 billion. Shares were up $3.12 to $76.13.
Other technology movers included
, up 4 cents to $5.01;
Level 3 Communications
, up 23 cents to $5.28;
, down 4 cents to $29.53;
, up 37 cents to $92.17;
, down 8 cents to $27;
, down 6 cents to $21.18;
Sirius Satellite Radio
, down 1 cent to $4.14; and
( LU), up 2 cents to $2.59.