Today's Tech Winners and Losers

Blue Coat shares plummet after the software company slashes its earnings projection.
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Shares of

Blue Coat Systems

(BCSI)

were among technology's losers Monday, tumbling 35% after the software company slashed its third-quarter earnings estimate.

For the quarter ended Jan. 31, the company expects to report earnings of 14 cents to 18 cents a share, or 15 cents to 19 cents a share excluding amortization costs. Previously, the company projected earnings of 30 cents to 34 cents a share, or 32 cents to 36 cents a share excluding amortization costs. Blue Coat also lowered its sales projection to $34.5 million to $35.1 million; its earlier forecast called for sales as high as $39.3 million. Analysts polled by Thomson First Call expect earnings of 35 cents a share on sales of $39 million. Shares were trading down $14.03 to $26.30.

Sirenza Microdevices

(SMDI)

rose 4% after the company said it plans to buy Premier Devices, a fellow maker of radio frequency components, for $72.1 million. Sirenza said the deal, which consists of $14 million in cash, $6 million in debt, and 7 million shares of Sirenza stock, allows it to expand its product offerings and extend operations into Asia and Europe. The purchase, which is expected to close early in the second quarter, is anticipated to add to second-quarter adjusted earnings and fiscal 2006 results. Sirenza expects the combined company to post full-year sales of about $120 million to $125 million, not including any sales that PDI posts prior to the closing of the deal. Shares of Sirenza were up 30 cents to $7.75.

Shares of

Anadigics

(ANAD)

fell 5% after the wireless communications company posted mixed fourth-quarter results. The company reported a loss of $3.9 million, or 11 cents a share, on sales of $33.3 million. Analysts expected a wider loss of 13 cents a share, but also saw higher revenue of $33.7 million. During the year-earlier period, Anadigics reported a loss of $10.3 million, or 31 cents a share, on sales of $22.4 million.

For the first quarter, Anadigics projects a loss of 12 cents to 14 cents a share, including stock-based compensation costs of 4 cents a share. The company sees sequential sales growth ranging from flat to up 5%, implying sales of $33.3 million to $35 million. Analysts project a loss of 13 cents a share and sales of $31.8 million. Anadigics shares traded down 37 cents to $6.37.

CheckFree

(CKFR)

rose 4% after the electronic commerce services company completed the sale of its M-Solutions unit and issued a third-quarter sales guidance in line with estimates. CheckFree said the sale of M-Solutions, which was bought by Informa Investment Solutions, would cut third-quarter sales by about $1.5 million and be nominally dilutive to earnings. CheckFree now sees sales of $216 million to $221 million for the third quarter ending in March. Analysts project sales of $217.4 million. Shares were trading at $51.40, up $1.81.

Shares of

Verint Systems

(VRNT) - Get Report

rose 1% after the software maker said it agreed to buy privately held CM Insight for about $5.8 million in cash. The deal also calls for additional earn-out payments that are tied to certain performance targets. The acquisition is expected to be neutral to Verint's pro forma earnings during fiscal 2006. Shares of Verint recently were up 45 cents to $37.52.

Other technology movers included

Intel

(INTC) - Get Report

, down 3 cents to $20.71;

Sirius Satellite Radio

(SIRI) - Get Report

, up 21 cents to $5.54;

Oracle

(ORCL) - Get Report

, down 11 cents to $12.10;

Apple Computer

(AAPL) - Get Report

, down $3.02 to $68.83;

Cisco

(CSCO) - Get Report

, down 20 cents to $17.95;

Microsoft

(MSFT) - Get Report

, down 31 cents to $27.23;

Motorola

(MOT)

, down 4 cents to $20.77;

Lucent Technologies

(LU)

, up 3 cents to $2.69;

Sun Microsystems

(SUNW) - Get Report

, down 3 cents to $4.40; and

JDSU

(JDSU)

, up 4 cents to $2.99.