were among technology's losers Thursday, plunging 42% after the chipmaker said its newest chip won't be used in
midrange and high-end flash memory iPods.
PortalPlayer's latest product, which is a follow-on to its PP5021 System-on-Chip, will continue to be used by other members of the iPod family, PortalPlayer said. The new product is expected to available during the second half of this year. Shares were trading down $9.46 to $13.13.
( AVCI) shares soared 75% as investors cheered the company's first-quarter results. The provider of network routing equipment posted a loss of $5.3 million, or 41 cents a share, on revenue of $21.4 million. On a pro forma basis, which excludes items, the company earned $2 million, or 15 cents a share. Two analysts had an average estimate for a loss of 47 cents a share, while one analyst expected revenue of $8 million. During the year-earlier period, Avici recorded a pro forma loss of $5.2 million, or 41 cents a share, on revenue of $10.7 million. The company said that strong order volume, coupled with the positive effects from its restructuring activities, helped its results. Shares were trading up $3.27 to $7.62.
rose 9% after the contract electronics manufacturer posted better-than-expected first-quarter results and lifted its full-year guidance. The company earned $26.5 million, or 41 cents a share, on revenue of $651.2 million. Excluding items, the company earned $24.7 million, or 38 cents a share. Analysts polled by Thomson First Call expected earnings of 35 cents a share, before items, and revenue of $612.8 million. During the year-earlier period, the company earned $16.9 million, or 26 cents a share, on revenue of $509.6 million.
Looking ahead, Benchmark sees second-quarter earnings of 33 cents to 36 cents a share. Excluding restructuring and stock-based compensation costs, the company sees earnings of 36 cents to 39 cents a share, above analysts' forecast of 35 cents. Benchmark predicts revenue of $630 million to $660 million, ahead of Wall Street's target of $627.6 million.
For the full year, Benchmark now sees earnings of $1.46 to $1.51 a share. The projection includes stock-based compensation costs, restructuring charges and a one-time tax gain. Previously, the company forecast earnings of $1.37 to $1.40 a share. The company now predicts revenue of $2.55 billion to $2.6 billion, up from an earlier view of $2.47 billion to $2.54 billion. Analysts project earnings of $1.43 a share on revenue of $2.53 billion. Shares were trading up $2.24 to $27.28.
rose 9% after the software company's first-quarter results and second-quarter guidance topped forecasts. The company earned $44.7 million, or 24 cents a share, on revenue of $260 million. Excluding items, the company earned $61.1 million, or 33 cents a share. Analysts expected earnings of 28 cents a share, before items, on revenue of $248.2 million. "Our business continued its product license and license update growth, especially in presentation server licenses as our customers continued to update to version 4," the company said. Last year, Citrix earned $38.6 million, or 22 cents a share, on revenue of $201.9 million, in the first quarter. Excluding items, the company earned $42.1 million, or 24 cents a share.
Citrix sees second-quarter earnings, excluding items, of 32 cents to 33 cents a share. The company predicts revenue of $259 million to $265 million. Analysts project earnings of 29 cents a share on revenue of $255.7 million. During last year's second quarter, the company earned 27 cents a share, with a top line of $211 million. Shares were trading up $3.98 to $42.86.
rose 6% after the Internet service provider posted better-than-expected first-quarter earnings. The company earned $16.4 million, or 12 cents a share, on revenue of $309.7 million. Analysts expected earnings of 8 cents a share on revenue of $311.2 million. During the year-earlier quarter, the company earned $33.3 million, or 22 cents a share, on revenue of $334.7 million.
For the second quarter, Earthlink projects earnings ranging from break even to $5 million, including $20 million in costs related to the company's share of losses in a wireless joint venture. Earthlink predicts revenue of $330 million to $335 million. Analysts project earnings of 4 cents a share on revenue of $309.5 million. Shares were trading up 53 cents to $9.79.
Other technology movers included
, up 8 cents to $19.64;
, up 10 cents to $5.05;
( UPCS), up 9 cents to $10.28; Apple Computer, up $2.17 to $67.82;
, down $3.28 to $37.07;
, down $1.88 to $18.42;
, down 5 cents to $26.98;
( LU), up 1 cent to $3.06;
, down 14 cents to $21.12; and
, down 15 cents to $14.16.