Today's Tech Winners and Losers

Citrix, AMD, Logitech and Fairchild Semiconductor move after their earnings reports.
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Shares of

Millicom International Cellular

(MICC)

were among technology's winners Thursday, climbing 32% after the company said that it would review its strategic options after receiving a "high number" of unsolicited approaches.

The telecommunications company said that it "remains confident in its current strategy and growth prospects and the outcome of the review may not lead to any transaction." Millicom has hired Morgan Stanley as its financial adviser. Shares recently were trading up $9.05 to $36.91.

Advanced Micro Devices

(AMD) - Get Report

jumped 11% after the chipmaker posted fourth-quarter earnings that trounced estimates for the third quarter in a row. The company earned $95.6 million, or 21 cents a share, on sales of $1.84 billion. Excluding items, the company earned $205 million, or 45 cents a share. Analysts surveyed by Thomson First Call expected earnings of 26 cents a share and sales of $1.67 billion. In the year-earlier period, the company posted a loss of $30 million, or 8 cents a share, on sales of $1.26 billion.

Looking ahead, AMD expects first-quarter sequential sales will be flat to slightly down. If achieved, the company said, sales would be up nearly 70% compared to last year's first-quarter results. Analysts expect sales of $1.56 billion. Shares were trading up $3.60 to $36.97.

Shares of

Citrix Systems

(CTXS) - Get Report

climbed 12% after the software maker reported better-than-expected fourth-quarter earnings and sales. The company earned $58.9 million, or 32 cents a share, on sales of $268.7 million. Excluding items, the company earned $67 million, or 36 cents a share. Analysts expected earnings of 31 cents a share and sales of $248.2 million. Year-earlier earnings were $52.3 million, or 30 cents a share, on sales of $214 million. Excluding items, the company earned $52 million, or 29 cents a share, during the year-earlier period. "We finished a strong 2005 with a record fourth quarter," the company said. "Solid performance across our products and regions drove record revenue for the company, excellent license growth and strong operating margin."

Looking ahead, Citrix sees first-quarter earnings, excluding items, of 27 cents to 28 cents a share on sales of $240 million to $249 million. Analysts expect earnings of 27 cents a share and sales of $238.1 million. For all of 2006, Citrix sees earnings of $1.23 to $1.28 a share, before items, at or above analysts' average estimate of $1.23. The company targets full-year sales of $1.03 billion to $1.06 billion, above Wall Street's forecast of $1.02 billion. Shares were up $3.59 to $33.62.

Logitech International

(LOGI) - Get Report

tumbled 13% after the maker of computer accessories posted third-quarter results that fell below Wall Street's expectation. The company's earnings rose to $71.3 million, or 71 cents a share, from $64.2 million, or 66 cents a share, a year earlier. Sales grew to $573.9 million from $483.8 million. Analysts expected earnings of 78 cents a share and sales of $592 million.

For the fiscal year ending in March, Logitech now sees fiscal 2006 sales growth of at least 20%, up from its earlier view of 18% to 20%. The company projects 15% growth in operating income, but gross margin is expected to be at the low end of its target range of 32% to 34%. Shares were trading down $6.32 to $41.68.

Shares of

Fairchild Semiconductor

(FCS)

climbed 12% after the chipmaker reported fourth-quarter results that topped forecasts and issued a better-than-expected sales projection. The company posted a fourth-quarter loss of $4.7 million, or 4 cents a share, on sales of $370.8 million. Excluding one-time items, the company earned $13.6 million, or 11 cents a share. Analysts expected earnings of 7 cents a share, before items, on sales of $363.1 million. The company posted earnings of $24.8 million, or 21 cents a share, before items, on sales of $379.4 million during the year-earlier period.

Looking ahead, Fairchild expects first-quarter sales to rise 5% to 7% from the fourth quarter. Analysts expect sales of $364.6 million, a sequential decline of nearly 2%. Shares were trading up $2.12 to $19.97.

Other technology movers included

Intel

(INTC) - Get Report

, up 8 cents to $22.68;

JDSU

(JDSU)

, up 18 cents to $3.06;

Apple Computer

(AAPL) - Get Report

, down $3.07 to $79.42;

eBay

(EBAY) - Get Report

, up $2.99 to $47.43;

Cisco

(CSCO) - Get Report

, up 24 cents to $18.97;

Yahoo!

(YHOO)

, down 8 cents to $35.10;

Applied Materials

(AMAT) - Get Report

, up 17 cents to $19.91;

Microsoft

(MSFT) - Get Report

, up 20 cents to $27.03;

Oracle

(ORCL) - Get Report

, up 16 cents to $12.50;

Lucent Technologies

(LU)

, up 1 cent to $2.52;

Sirius Satellite Radio

(SIRI) - Get Report

, unchanged at $6.29;

Conexant Systems

(CNXT) - Get Report

, up 8 cents to $3.29; and

Sun Microsystems

(SUNW) - Get Report

, up 3 cents to $4.62.