Today's Tech Winners and Losers

Daktronics advances after posting better-than-expected results for its fiscal fourth quarter.
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Shares of

Ansoft

(ANST)

were among technology's winners Wednesday, climbing 13% after the software company posted better-than-expected fourth-quarter earnings.

For the quarter ended April 30, the company earned $8.3 million, or 32 cents a share, on revenue of $24.7 million. Excluding items, Ansoft earned $8.5 million, or 33 cents a share. Analysts polled by Thomson First Call expected earnings of 23 cents a share and revenue of $24.7 million. A year earlier, the company recorded adjusted earnings of $4.9 million, or 19 cents a share, on revenue of $21.7 million.

For fiscal 2007, Ansoft expects revenue growth of about 10% to 15%. Analysts, meanwhile, project revenue of $88.3 million, or top-line growth of about 14%. Shares were trading up $2.46 to $20.99.

Shares of

Vonage

(VG) - Get Report

fell nearly 12% on their first day of trading. The Internet phone-service provider's IPO priced about 31.2 million shares at $17 apiece, raising proceeds of about $531 million. The pricing came in at the midpoint of its proposed range of $16 to $18 a share. Shares were recently down $2.02 to $14.98.

Daktronics

(DAKT) - Get Report

rose 6% after the maker of electronic scoreboards and displays reported better-than-expected fourth-quarter results. The company earned $7.1 million, or 35 cents a share, up from $3 million, or 15 cents a share, a year earlier. Revenue for the quarter ended April 29 jumped to $90.2 million from $6.13 million. Analysts expected earnings of 28 cents a share on revenue of $80.5 million.

For the fiscal first quarter, Daktronics anticipates earnings of 27 cents to 36 cents a share and revenue of $87 million to $95 million. Analysts project earnings of 31 cents a share, with revenue of $86.6 million. Shares were trading at $42.74, up $2.24.

Computer Sciences

(CSC)

fell 2% after the information technology-outsourcing company posted better-than-expected fourth-quarter results but gave a soft guidance. The company earned $199.4 million, or $1.05 a share, in the March quarter. Excluding items, the company earned $218.9 million, or $1.16 a share, above analysts' target of $1.13. Revenue totaled $3.88 billion, compared with Wall Street's expectation of $3.86 billion. During the year-earlier quarter, Computer Sciences earned $411.8 million, or $2.13 a share, on revenue of $3.88 billion. Excluding items, year-earlier earnings were $185 million, or 96 cents a share.

Computer Sciences sees adjusted first-quarter earnings in the mid-60-cent range on revenue of $3.4 billion to $3.5 billion. Analysts project earnings of 69 cents a share on revenue of $3.71 billion. Shares were trading down $1.03 to $53.66.

Shares of

Sonic Solutions

(SNIC)

fell 7% after the company's fourth-quarter results topped expectations but its guidance disappointed investors. The software company posted adjusted earnings of $8.5 million, or 31 cents a share, on revenue of $40.4 million. Analysts expected earnings of 30 cents a share and revenue of $40.2 million. During the year-earlier period, the company earned $1.4 million, or 5 cents a share, on $35.6 million in revenue.

Looking ahead, Sonic Solutions sees adjusted first-quarter earnings of 13 cents to 16 cents a share, before stock-option costs. Including all items, the company expects a profit of 11 cents to 14 cents a share. Sonic projects revenue of $36 million to $38 million. Analysts project earnings of 15 cents a share, including options costs, on revenue of $38 million. Shares were trading down $1.18 to $15.75.

Other technology movers included

Microsoft

(MSFT) - Get Report

, up 51 cents to $23.30;

Intel

(INTC) - Get Report

, up 9 cents to $18.04;

Sun Microsystems

(SUNW) - Get Report

, up 5 cents to $4.34;

Cisco Systems

(CSCO) - Get Report

, up 14 cents to $20.51;

Sirius Satellite Radio

(SIRI) - Get Report

, down 8 cents to $3.82;

Applied Materials

(AMAT) - Get Report

, up 51 cents to $16.77;

Apple Computer

(AAPL) - Get Report

, down 13 cents to $63.02;

JDSU

(JDSU)

, up 1 cent to $2.94;

Oracle

(ORCL) - Get Report

, up 16 cents to $13.63; and

Lucent Technologies

(LU)

, down 2 cents to $2.53.