were among technology's losers Thursday, falling 8% after the radio frequency identification-technology company posted better-than-expected fourth-quarter results but issued a first-quarter sales guidance that was well below expectations.
The company earned $23.9 million, or 9 cents a share, on total sales of $438.9 million. Excluding items, the company earned $22.6 million, or 9 cents a share. Analysts surveyed by Thomson First Call expected earnings of 7 cents a share and sales of $436.7 million. During the year-earlier period, the company earned $28.5 million, or 11 cents a share, on sales of $450.5 million.
For the first quarter, Symbol Technologies expects sales will be flat to down slightly from the fourth quarter. Analysts had forecast sales of $450.2 million. The company predicts earnings of 8 cents to 9 cents a share, excluding stock-based compensation costs of 1 cent a share. Wall Street projects earnings of 9 cents a share. The company's shares were trading down $1.05 to $11.84.
rose 6% after the company agreed to be acquired by chip-equipment maker
for about $488 million in stock. Shareholders of ADE, a maker of measurement and inspection systems for chipmakers, will receive 0.64 shares of KLA-Tencor for each ADE share they hold. "This combination will allow us to use the significant industry presence of KLA-Tencor to accelerate the growth and development of new products within the semiconductor device area while also providing us with access to its world-wide semiconductor customer base," ADE said in a statement. The deal is expected to close during the third quarter. Shares of ADE were trading up $1.96 to $32.91, while shares of KLA-Tencor rose 37 cents to $52.23.
slumped 11% after the telecom-gear company posted fourth-quarter results that disappointed investors and issued first-quarter guidance that fell below expectations. For the fourth quarter the company earned $121,000, or less than a penny a share, on sales of $48.7 million. The results included an inventory provision of $2.3 million and a tax benefit of $668,000. Analysts expected earnings of 4 cents a share on sales of $48.6 million. During the year-earlier period, the company earned $5.2 million, or 17 cents a share, on sales of $33.4 million.
Looking ahead, Novatel Wireless expects first-quarter results to range from break-even to a loss of 3 cents a share. The company predicts sales of $40 million to $42 million. Analysts project a profit of 6 cents a share on sales of $46.8 million. Shares were down $1.09 to $8.47.
fell 2% after the Chinese Internet-portal company posted weaker-than-expected fourth-quarter earnings and issued a first-quarter sales guidance below forecasts. The company earned $13.8 million, or 24 cents a share, on sales of $52 million. Excluding items, the company earned $12.4 million, or 21 cents a share. Analysts expected earnings of 22 cents a share, before items, on sales of $51.9 million. During the year-earlier quarter, the company earned $17.4 million, or 30 cents a share, on sales of $56.9 million.
Sina sees first-quarter earnings, excluding items, of $8.5 million to $9.5 million on sales of $44.5 million to $46.5 million. Analysts project earnings of 22 cents a share and sales of $52.2 million. Shares were trading down 41 cents to $22.56.
jumped 14% after the software company posted in-line fourth-quarter earnings on better-than-expected sales. The company earned $5 million, or 10 cents a share, reversing a year-earlier loss of $2.9 million, or 6 cents a share. Sales rose to $105.1 million from $87.2 million. Analysts expected earnings of 10 cents a share and sales of $99.8 million.
"Having ended the quarter and the year with positive EPS, as we previously guided, we are optimistic that we have passed an inflection point in our business model that positions us well for profitable growth in the future," the company said. Shares were higher by $3 to $25.17.
Other technology movers included
, up 23 cents to $20.38;
, up 8 cents to $3.03;
Sirius Satellite Radio
, down 3 cents to $5.26;
, up $1.29 to $72.61;
, down 7 cents to $19.60;
, unchanged at $12.48;
, down 1 cent to $4.29;
, down 10 cents to $26.62;
, down 40 cents to $29.35;
, down 3 cents to $2.82; and
, up 2 cents to $19.25.