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Shares of

Agere Systems

(AGR) - Get Avangrid, Inc. Report

were up almost 3% after the semiconductor company said first-quarter revenue totaled $403 million, down from $410 million a year ago. The company lost $19 million, or 11 cents a share, including $39 million in restructuring charges and equity compensation expenses. Before items, Agere would have earned $16 million and 9 cents a share in the most recent quarter.

For the fiscal second quarter, the company expects revenue of $390 million to $410 million and a loss of 6 cents to 12 cents a share. Excluding items, Agere is projecting a profit of 5 cents to 11 cents. Analysts were looking for a profit of 8 cents in the first quarter and 10 cents in the second quarter. Agere was up 37 cents to $13.59.


( BLS) was higher a day ahead of its earnings report, rising 34 cents, or 1.3%, to $27.15. The phone company is expected to earn 45 cents a share on revenue of $8.58 billion for the most recent quarter.

Ditech Communications

( DITC) rose following word that its Packet Voice Processor has been named 2005's product of the year by Internet Telephony magazine. Ditech shares were gaining 45 cents, or 5.3%, to $9.02.


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TheStreet Recommends

(QCOM) - Get Qualcomm Inc Report

tacked on 2% a day before it's schedule to report its quarterly results. Wall Street is calling for a profit of 38 cents a share and revenue of $1.75 billion. Shares of the wireless communications technology company were up 97 cents to $47.89.

Shares of

ON Semiconductor


gained ground after the company said it opened two new engineering centers. One center is in Portland, Ore., and the second is in Taipei, Taiwan. ON was gaining 42 cents, or 6.2%, to $7.20.

Integrated circuits maker



was up 2% as investors anticipated the company's earnings Wednesday. Analysts are expecting earnings of 25 cents and revenue of $169.8 million for the latest quarter. Intersil's shares were recently higher by 50 cents to $25.89.