Today's Tech Winners and Losers

Sierra Wireless soars after its first-quarter results and second-quarter guidance top expectations.
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Shares of

Sierra Wireless

(SWIR) - Get Report

were among technology winners Friday, surging 28% after the wireless-equipment maker posted better-than-expected first-quarter results and offered a second-quarter projection that topped forecasts.

The company earned $2.6 million, or 10 cents a share, on revenue of $45.2 million. Excluding stock-based compensation costs, the company earned $3.5 million, or 13 cents a share. Analysts polled by Thomson First Call expected break-even earnings and revenue of $40.2 million. A year earlier, Sierra Wireless recorded a loss of $7.6 million, or 30 cents a share, on revenue of $20.2 million. "Our improved revenue performance, combined with strong gross margins and good expense controls, drove a higher than expected profit in the first quarter," the company said.

Looking ahead, Sierra Wireless forecast second-quarter earnings of 10 cents a share, including about $1 million in stock-based compensation costs. The company predicts revenue of $52 million. Analysts had projected earnings of 3 cents a share on revenue of $43.9 million. Shares were trading up $3.89 to $17.84.

Ixia

(XXIA)

slid 9% after the provider of IP network-testing systems reported first-quarter earnings that missed expectations. The company earned $489,000, or 1 cent a share, on revenue of $38.9 million. Excluding one-time items and stock-based compensation costs, the company earned $5 million, or 7 cents a share. Analysts expected earnings of 8 cents a share on revenue of $38.7 million. During the year-ago period, the company earned $9.3 million, or 14 cents a share, on revenue of $38.4 million. Excluding items, earnings were $8.8 million, or 13 cents a share, during the year-earlier quarter. Ixia shares were down $1.14 to $11.11.

Shares of

HouseValues

(SOLD)

jumped 15% after the online real-estate marketing company lifted its first-quarter projections. The company expects to report adjusted earnings before interest, taxes, depreciation and amortization of more than $4 million, up from an earlier view of $3 million to $3.5 million. The company estimates revenue of about $26.8 million, up from an earlier forecast of $25.5 million to $26 million. Analysts project earnings of 3 cents a share on revenue of $25.6 million. "Our strong first-quarter revenue reflects progress in The Loan Page as well as the first quarter of revenue from HomePages," the company said.

HouseValues said it continues to expect 2006 adjusted earnings before interest, taxes, depreciation and amortization of $18 million to $20 million. The company reaffirmed its revenue outlook of $105 million to $115 million. The company plans to issue first-quarter results on May 9. Shares were trading up $1.21 to $9.21.

F5 Networks

(FFIV) - Get Report

slumped 13% after the software company posted weaker-than-expected second-quarter results and projected third-quarter results shy of expectations. The company earned $16.1 million, or 39 cents a share, on revenue of $94.1 million. Excluding stock-based compensation costs, the company earned $20.3 million, or 49 cents a share, for the quarter ended March 31. Analysts expected earnings of 50 cents a share on revenue of $94.5 million. In the year-earlier quarter, the company earned $12.1 million, or 31 cents a share, on revenue of $67.7 million.

Looking ahead, F5 Networks sees third-quarter earnings, excluding stock-based compensation costs, of 50 cents to 51 cents a share. The company predicts revenue of $96 million to $98 million. Analysts project earnings of 52 cents a share on revenue of $98.9 million. Shares recently had dipped $8.74 to $56.73.

Shares of

Packeteer

(PKTR)

rose 5% after the network-technology company reported better-than-expected first-quarter results. The company earned $4.5 million, or 13 cents a share, on revenue of $32.3 million. Excluding stock-based compensation and other items, the company earned $7.2 million, or 20 cents a share, easily beating analysts' forecast of 14 cents. Revenue totaled $32.3 million, compared with Wall Street's expectation of $31.3 million. A year earlier, the company earned $3.6 million, or 10 cents a share, on revenue of $28.1 million. Excluding items, earnings were $4.1 million, or 12 cents a share, in last year's first quarter. Shares were trading up 65 cents to $13.40.

Other technology movers included

Dell

(DELL) - Get Report

, down $1.06 to $27.18;

Sun Microsystems

(SUNW) - Get Report

, down 9 cents to $4.95;

Intel

(INTC) - Get Report

, down 31 cents to $19.14;

eBay

(EBAY) - Get Report

, down $1.76 to $35.01;

Microsoft

(MSFT) - Get Report

, up 24 cents to $27.27;

Lucent Technologies

(LU)

, down 6 cents to $3.01;

Conexant Systems

(CNXT) - Get Report

, down 6 cents to $3.70;

Oracle

(ORCL) - Get Report

, up 20 cents to $14.35; and

Cisco Systems

(CSCO) - Get Report

, down 32 cents to $20.71.