Thursday's Tech Winners & Losers

Hyperion shares surge on Oracle's $3.3 billion deal for the software company.
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Shares of

Hyperion

(HYSL)

were among technology's winners Thursday, vaulting 20% after the software company

agreed to be acquired by

Oracle

(ORCL) - Get Report

for about $3.3 billion in cash.

The deal works out to $52 a share, representing a premium of 21% to Hyperion's closing price of $42.84 on Wednesday. "The acquisition of Hyperion makes Oracle the category leader in the high growth enterprise performance management market," said Oracle CEO Larry Ellison. The deal, which is expected to close in April, will be accretive to Oracle's earnings by at least a penny a share in 2008 and by at least 4 cents a share in fiscal 2009. Shares of Hyperion were trading up $8.75 to $51.59, while shares of Oracle were trading up 35 cents to $16.78.

Ciena

(CIEN) - Get Report

slumped 11% after the company posted

first-quarter earnings that were short of expectations. For the period ended Jan. 31, the company reported an adjusted profit of $20.1 million, or 22 cents a share, on revenue of $165.1 million. Analysts polled by Thomson First Call expected earnings of 23 cents a share on revenue of $164.1 million. During the year-earlier period, the company posted a loss of $8.7 million, or 11 cents a share, on revenue of $120.4 million.

Looking ahead, Ciena sees sequential second-quarter revenue growth of 5% to 10%, implying revenue of $173 million to $182 million. Analysts project revenue of $172.1 million. Shares were trading down $3.60 to $27.87.

Shares of

Smith Micro Software

(SMSI) - Get Report

rose 6% after the software company posted better-than-expected fourth-quarter results. The company earned $3.6 million, or 14 cents a share, on revenue of $17.2 million. Excluding items, the company earned $7 million, or 26 cents a share. Analysts expected earnings of 15 cents a share on revenue of $16 million. During the year-earlier quarter, the company posted adjusted earnings of $2.6 million, or 11 cents a share, on revenue of $8 million. Shares were trading up 81 cents to $14.30.

EchoStar Communications

(DISH) - Get Report

rose 5% after the satellite television company posted fourth-quarter results that topped forecasts. The company earned $152.6 million, or 35 cents a share, on revenue of $2.58 billion. Analysts expected earnings of 32 cents a share on revenue of $2.54 billion. During the year-earlier period, the company earned $132.6 million, or 28 cents a share, on revenue of $2.2 billion. Shares were trading up $1.95 to $42.55.

Shares of

24/7 Real Media

(TFSM)

tumbled 10% after the digital marketing company posted in-line fourth-quarter earnings but warned that first-quarter results would be lower than expected. The company reported adjusted earnings of $6.5 million, or 12 cents a share, on revenue of $60 million. Analysts expected earnings of 12 cents a share on revenue of $57.6 million. During the year-earlier quarter, the company earned $4 million, or 8 cents a share, on revenue of $41.7 million.

Looking ahead, 24/7 sees first-quarter adjusted earnings of 9 cents to 10 cents a share on revenue of $58 million to $59 million. Analysts project earnings of 11 cents a share on revenue of $59 million. For the full year, the company sees earnings of 52 cents to 55 cents a share on revenue of $255 million to $265 million. Analysts project earnings of 52 cents a share on revenue of $259.3 million. Shares were trading down $1.01 to $8.63.

Other technology movers included

Intel

(INTC) - Get Report

, down 25 cents to $19.61;

Microsoft

(MSFT) - Get Report

, down 8 cents to $28.09;

Cisco Systems

(CSCO) - Get Report

, down 26 cents to $25.68;

Oracle

(ORCL) - Get Report

, up 32 cents to $16.75;

Sun Microsystems

(SUNW) - Get Report

, down 8 cents to $6.05;

Level 3 Communications

(LVLT)

, down 16 cents to $6.41;

Apple

(AAPL) - Get Report

, up $1.55 to $86.16;

Qualcomm

(QCOM) - Get Report

, down 11 cents to $40.19; and

Sirius Satellite Radio

(SIRI) - Get Report

, down 3 cents to $3.62.