Tuesday's Tech Winner's and Losers

Aruba Networks continues upward a day after its IPO.
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Shares of

Aruba Networks

(ARUN)

were among technology's winners Wednesday, tacking on another 9% in value a day after the maker of wireless networking products went public. On Tuesday, the company debuted with a 29% gain after it priced 8 million shares at $11 apiece, which was above the company's projected range of $8 to $10 a share. The stock was recently trading up $1.31 to $15.46.

Shares of

Micronetics

(NOIZ)

jumped 10% after the maker of microwave and radio-frequency components received a significant order for some of its products.

Micronetics said it received the order from a "major" defense company. Micronetics will supply voltage-controlled oscillators for use in handheld mine detection systems. "We worked closely with our customer over the past several years to develop high performance, high volume VCOs for this type of rugged use, and expect more demand in the near future," the company said. Financial terms were not disclosed. Shares were trading up 72 cents to $8.

Syntax-Brillian

(BRLC)

rose 5.5% after the maker of high-definition televisions said that it sold about 2.1 million shares of stock for $15.5 million in a private placement. The company sold the stock to John Jung-Jyh Wu, CEO of TCV Group, and WesTech Electronics. "We're impressed with Syntax-Brillian's rapid ascent in the North American HDTV market and its potential to continue to capture market share into the future," Wu said. Shares were trading up 44 cents, to $8.37.

Sapient

(SAPE)

fell 3% after the technology services company received an additional

Nasdaq

compliance notice. The compliance notice relates to the company's delay in filing its annual report for the period ended Dec. 31, 2006. Previously, the Nasdaq had sent a compliance notice regarding the company's delinquent quarterly reports for the periods ended June 30 and Sept. 30. The company plans to file the delinquent reports as soon as practicable, it said. Shares were trading down 22 cents to $6.87.

Other technology movers included

Sun Microsystems

(SUNW) - Get Report

, down 3 cents to $6.03;

Intel

(INTC) - Get Report

, down 11 cents to $18.95;

Microsoft

(MSFT) - Get Report

, up 1 cent to $27.73;

CMGI

(CMGI)

, down 9 cents to $2.33;

Cisco Systems

(CSCO) - Get Report

, down 24 cents to $25.69;

Oracle

(ORCL) - Get Report

, down 26 cents to $18.23;

Sirius Satellite Radio

(SIRI) - Get Report

, up 3 cents to $3.29; and

Apple

(AAPL) - Get Report

, down 46 cents to $95.