Shares of

SBS Technologies

( SBSE) were among technology's winners Wednesday, climbing 13% after the computer parts maker posted second-quarter earnings that topped Wall Street forecasts.

For the quarter ended Dec. 31, the company earned $1.1 million, or 7 cents a share, on sales of $37.3 million. Analysts polled by Thomson First Call expected earnings of 4 cents a share and sales of $37.5 million. During the year-earlier period the company earned $2.2 million, or 14 cents a share, on sales of $42.2 million.

SBS sees fiscal third-quarter sales of $40 million to $44 million. Analysts expect sales of $40.2 million. For all of 2006, the company cut its sales guidance by $5 million because of a recent order cancellation. The company now sees sales of $160 million to $170 million, which is still ahead of analysts' expectations of $155.1 million. Shares were trading up $1.29 to $11.

Tech giant

Intel

(INTC) - Get Report

tumbled 12% after the chip maker turned in disappointing fourth-quarter results and projected first-quarter sales below analysts' expectations. The company earned $2.45 billion, or 40 cents a share in the fourth quarter, missing analysts' mean estimate by 3 cents. Revenue totaled $10.2 billion, below Intel's forecast of $10.4 billion to $10.6 billion. Analysts expected revenue of $10.56 billion. During the year-earlier period, the company earned $2.12 billion, or 33 cents a share, on revenue of $9.6 billion. Intel blamed the sales shortfall on lower-than-expected desktop processor unit shipments and prices.

For the first quarter, Intel sees revenue of $9.1 billion to $9.7 billion, below the $10.04 billion that analysts had been projecting. Gross margin, excluding stock-based compensation charges, is forecast at 60%, plus or minus a couple of points. For the entire year, Intel sees sales of $41.2 billion to $42.3 billion, compared with Wall Street's forecast of $42.3 billion. Gross margin for the year, excluding stock-based compensation costs, is seen coming in at 58%, plus or minus a few points. Shares of Intel were down $2.95 to $22.57.

Traders also were disappointed by results from

Yahoo!

(YHOO)

, which stumbled 11% after the Internet portal's fourth-quarter earnings failed to meet lofty expectations. The company earned $683.2 million, or 46 cents a share, on sales of $1.07 billion, which strips out advertising commissions that Yahoo! pays to other Web sites. Excluding items, however, the company earned $247 million, or 16 cents a share. Analysts expected earnings of 17 cents a share and sales of $1.07 billion. During the year-earlier period, Yahoo! earned $372.5 million, or 25 cents a share, on sales of $785 million.

For 2006, Yahoo! sees net sales of $4.6 billion to $4.85 on operating income of $1.92 billion to $2.06 billion. Analysts expect earnings of 76 cents a share and sales of $4.79 billion. During the first quarter, the company expects operating income of $410 million to $440 million and net sales of $1.04 billion to $1.1 billion. Analysts see first-quarter earnings of 17 cents a share and sales of $1.09 billion. Shares were trading down $4.56 to $35.55.

Shares of

Teradyne

(TER) - Get Report

rose 4% after the company posted better-than-expected fourth-quarter earnings. The maker of semiconductor testing equipment earned $224.1 million, or $1.07 a share, on sales of $345.2 million. Results included a gain of $137 million related to the sale of its connection system operations. Excluding items, the company earned $50 million, or 25 cents a share. Analysts expected earnings of 19 cents a share, before items, on sales of $349.2 million. During the year-earlier period, the company posted earnings, before items, of $4.4 million, or 2 cents a share, on sales of $284 million.

Looking ahead, Teradyne sees first-quarter earnings of 18 cents to 22 cents a share and sales of $340 million to $360 million. The forecast includes stock-based compensation costs of $6.8 million, or 3 cents a share. Analysts expect first-quarter earnings of 19 cents a share, with sales of $350.7 million. Teradyne shares were up 71 cents to $16.61.

Shares of

Wipro

(WIT) - Get Report

rose 5% after the software exporter turned in third-quarter earnings that matched expectations, while sales topped views. For the quarter ended Dec. 31, the company earned $118.4 million, or 8 cents a share, on sales of $617 million. Analysts expected earnings of 8 cents a share and sales of $603 million. Shares were trading up 65 cents to $12.71.

Other technology movers included

Cisco

(CSCO) - Get Report

, down 14 cents to $18.54;

Lucent Technologies

( LU), down 3 cents to $2.52;

Applied Materials

(AMAT) - Get Report

, up 19 cents to $19.95;

Sun Microsystems

(SUNW) - Get Report

, up 1 cent to $4.62;

Microsoft

(MSFT) - Get Report

, down 20 cents to $26.79;

Oracle

(ORCL) - Get Report

, down 17 cents to $12.27;

Sirius Satellite Radio

(SIRI) - Get Report

, down 9 cents to $6.11;

JDSU

(JDSU)

, down 5 cents to $2.81;

Dell

(DELL) - Get Report

, down 53 cents to $29.85;

Apple Computer

(AAPL) - Get Report

, down $1.68 to $83.03; and

Conexant Systems

(CNXT) - Get Report

, down 3 cents to $3.15.