Shares of

Bottomline Technologies

(EPAY) - Get Report

were among technology's losers Wednesday, sliding 17% after the software company warned that its fiscal third-quarter results would miss expectations.

The company expects to report earnings of 4 cents to 7 cents a share for the March quarter, with revenue of $24.5 million to $25 million. Analysts surveyed by Thomson First Call project earnings of 13 cents a share and revenue of $27.2 million. "Bottomline's lower-than-expected revenue figures for the third quarter were the result of a decrease in software license sales related to the company's corporate payments product offering in North America and the United Kingdom," the company said. Bottomline said it also was hurt by increased investments in its enterprise payments platform. The company plans to release its third-quarter results on May 1. Shares were trading down $2.34 to $11.25.

Cymer

(CYMI)

climbed 10% after the maker of chip manufacturing equipment reported better-than-anticipated first-quarter results. The company earned $20.6 million, or 52 cents a share, on revenue of $127.1 million. Analysts expected earnings of 42 cents a share and revenue of $120.4 million. During the year-earlier quarter, the company earned $5.4 million, or 14 cents a share, on revenue of $84.8 million.

Looking ahead, Cymer sees sequential second-quarter revenue growth of 5% to 10%, implying revenue of $133.5 million to $139.8 million. Analysts project revenue of $128.4 million. Shares were trading up $4.80 to $54.25.

Shares of

Seagate Technology

(STX) - Get Report

fell 7% after the maker of computer hard drives posted solid third-quarter results but a issued fourth-quarter guidance that disappointed investors. For the quarter ended March 31, the company earned $274 million, or 53 cents a share, up from $229 million, or 45 cents a share, a year earlier. Revenue rose to $2.3 billion from $1.97 billion. Analysts expected earnings of 52 cents a share on revenue of $2.25 billion.

Seagate projects fourth-quarter earnings of 46 cents to 49 cents a share, which would be at or below analysts' mean estimate of 49 cents. The company forecast revenue of $2.1 billion to $2.25 billion, bracketing Wall Street's projection of $2.23 billion. Shares were trading down $2.05 to $25.47.

Standard Microsystems

( SMSC) slumped 16% after the chipmaker posted weaker-than-expected fourth-quarter earnings and issued first-quarter guidance that disappointed investors. The company earned $3.3 million, or 16 cents a share, on revenue of $84.6 million. On an adjusted basis, the company earned $6.3 million, or 27 cents a share. The single-analyst forecast called for earnings of 31 cents a share on revenue of $84 million. A year earlier, the company recorded a loss of $2.8 million, or 15 cents a share, on revenue of $54.9 million.

For the first quarter, Standard Microsystems sees earnings of 23 cents to 27 cents a share on revenue of $82 million to $85 million. The single-analyst forecast calls for earnings of 33 cents a share and revenue of $83.4 million. Shares were trading down $4.15 to $21.79.

Shares of

PLX Technology

(PLXT)

rose 7% after the company's first-quarter results topped expectations. The company earned $1.5 million, or 6 cents a share. On a pro forma basis, the company earned $3.1 million, or 11 cents a share. Revenue totaled $20 million, but excluding revenue that the company recognized as part of its new revenue recognition policy, the company's top line was $17.2 million. Analysts expected a profit of a penny a share on revenue of $16.6 million. Last year, the company posted adjusted earnings of $70,000, or less than a penny a share, on revenue of $13.2 million.

PLX sees second-quarter revenue of $18 million to $19 million, ahead of analysts' forecasts of $17.4 million. Shares were trading up 88 cents to $14.66.

Other technology movers included

Vitesse Semiconductor

(VTSS)

, down 57 cents to $2.54;

Intel

(INTC) - Get Report

, up 11 cents to $19.50;

JDSU

(JDSU)

, up 10 cents to $3.77;

Motorola

( MOT), down $1.71 to $22.37;

Texas Instruments

(TXN) - Get Report

, up 90 cents to $34.90;

Sun Microsystems

(SUNW) - Get Report

, up 1 cent to $4.99;

Lucent Technologies

( LU), unchanged at $3.01;

Microsoft

(MSFT) - Get Report

, down 12 cents to $27.10;

Oracle

(ORCL) - Get Report

, down 1 cent to $13.99;

Level 3 Communications

(LVLT)

, up 20 cents to $5.24;

Sirius Satellite Radio

(SIRI) - Get Report

, down 3 cents to $5.14;

Cisco Systems

(CSCO) - Get Report

, down 22 cents to $21.25; and

Apple Computer

(AAPL) - Get Report

, up 7 cents to $66.29.