Shares of

Aspen Technology

(AZPN) - Get Report

were among technology's winners Wednesday, jumping 22% after the software maker posted better-than-expected second-quarter results.

The company earned $4.3 million, or 8 cents a share, for the quarter ended Dec. 31. Excluding items, the company earned $12.5 million, or 14 cents a share, beating the analyst forecast by 6 cents, according to Thomson First Call. The company posted sales of $76.4 million, compared with Wall Street's projection of $71 million. During the year-earlier period, the company posted a loss of $6.7 million, or 16 cents a share, on sales of $71.6 million. Excluding items, the company earned $3.3 million, or 4 cents a share.

"The December quarter was evidence of the operating leverage potential in AspenTech's business model," the company said. "For the first time, we saw the benefit of our streamlined cost structure combined with a strong top line performance." Shares recently were trading up $1.80 to $9.77.

Segue Software

(SEGU)

surged 22% after the software company agreed to be acquired by

Borland Software

( BORL) for $100 million in cash. Borland will pay $8.67 a share, a 25% premium over Segue's closing price of $6.92 on Tuesday. "Segue's quality optimization products and services will add significantly to our growing portfolio of application lifecycle management solutions," Borland said in a statement. The deal is expected to close during the second quarter. Shares of Segue were trading up $1.54 to $8.46, while shares of Borland were trading down 39 cents, or 6%, to $5.83.

Shares of

Cisco Systems

(CSCO) - Get Report

climbed 6% after the router company posted better-than-expected second-quarter earnings. The company earned $1.38 billion, or 22 cents a share, on sales of $6.63 billion. Excluding items, the company earned $1.6 billion, or 26 cents a share. Analysts expected earnings of 25 cents a share, before items, on sales of $6.62 billion. During the year-earlier period, the company posted earnings, before items, of $1.5 billion, or 22 cents a share, on sales of $6.06 billion.

Cisco expects third-quarter year-over-year sales growth of 10% to 12%, or sales of about $6.8 billion to $6.9 billion. Analysts project sales of $6.86 billion. Shares were trading up $1.13 to $19.32.

Shares of

FEI

(FEIC)

fell 16% after the company reported it swung to a fourth-quarter loss and said takeover talks with German technology company

Carl Zeiss AG

have ended. Shares of FEI, a maker of tools for the nanotech industry, have rallied in recent weeks amid rumors of the discussions. Late Tuesday, the company confirmed that Carl Zeiss had initiated talks, but FEI said it has terminated the discussion.

Separately, FEI reported a fourth-quarter loss of $30.7 million, or 91 cents a share, reversing a year-earlier profit of $8.4 million, or 21 cents a share. The latest quarter's results included several restructuring and impairment charge totaling $24.2 million. Sales fell to $101.6 million from $145.2 million, falling short of analysts' projection of $103 million. For the first quarter, FEI forecast sales of $106 million to $111 million, with earnings of 1 cent to 6 cents a share before charges. Analysts predict earnings of 7 cents a share and sales of $109 million. FEI shares were down $3.93 to $20.01.

Brightpoint

( CELL) rose 17% after the mobile-phone distributor's fourth-quarter results topped forecasts. The company earned $8.9 million, or 21 cents a share, including a charge of $3 million, or 7 cents a share. Analysts expected earnings of 22 cents a share, before the charge. Brightpoint reported sales of $630.6 million, above analysts' estimate of $583 million. During the year-earlier quarter, the company earned $7.5 million, or 18 cents a share, on sales of $474.1 million. Shares were trading up $3.66 to $25.

Shares of

Alvarion

(ALVR)

fell 8% after the network equipment maker posted a wider-than-expected fourth-quarter loss. The company reported a loss of $4.9 million, or 8 cents a share, on sales of $46.5 million. Excluding items, the company posted a loss of $3.8 million, or 6 cents a share. Analysts expected a smaller loss of 5 cents a share, with sales of $47.4 million. During the year-earlier period, the company posted a loss of $6.8 million, or 12 cents a share, on sales of $55.9 million. Excluding one-time items, the company earned $5.4 million, or 8 cents a share, a year earlier.

Alvarion expects a first-quarter loss of 3 cents to 6 cents a share, before items, compared with analyst forecasts for a loss of 3 cents a share. The company predicts sales of $46 million to $51 million, roughly in line with Wall Street's $50.4 million target. Alvarion shares were trading down 84 cents to $9.99.

Other technology movers included

Nortel Networks

( NT), down 2 cents to $3;

Sirius Satellite Radio

(SIRI) - Get Report

, up 20 cents to $5.96;

Intel

(INTC) - Get Report

, up 2 cents to $20.69;

Oracle

(ORCL) - Get Report

, up 15 cents to $12.52;

Conexant Systems

(CNXT) - Get Report

, up 22 cents to $2.92;

Sun Microsystems

(SUNW) - Get Report

, up 8 cents to $4.37;

Microsoft

(MSFT) - Get Report

, down 17 cents to $26.77;

Dell

(DELL) - Get Report

, up $1.34 to $31.03;

Apple Computer

(AAPL) - Get Report

, up 12 cents to $67.72;

Applied Materials

(AMAT) - Get Report

, up 35 cents to $19.85; and

Lucent Technologies

( LU), up 4 cents to $2.70.