were among technology's winners Tuesday, jumping 15% after the provider of wireless communications said that it is one of six contractors chosen by the Army to participate in a five-year, $5 billion satellite system contract.
As part of the indefinite delivery/indefinite quantity contract, TeleCommunication Systems will provide its entire SwiftLink suite of products. The company said that contract delivery work has already begun. "The contract advances TCS' sales growth in the market segment and provides opportunities for TCS to extend its well-established reputation across a larger government customer community," the company said. Shares were trading up 33 cents to $2.61.
Level 3 Communications
climbed 5% after YouTube selected the company to support its online video entertainment service. Level 3 will provide high-speed Internet access via multiple 10-gigabits-per-second ports.
"We selected Level 3 because we needed a carrier with a highly advanced, stable, scalable network and a service portfolio that would enable us to manage the magnitude of growth that we continue to experience with more than 100 million videos being watched per day on our site," YouTube said. Financial terms weren't disclosed. Shares of Level 3 advanced 25 cents to $4.60.
rose 3% after the maker of bar-code scanner systems agreed to be taken private. Private equity firm Francisco Partners, Metrologic CEO C. Harry Knowles, and Elliot Associates will pay Metrologic shareholders $18.50 a share in cash, representing a premium of 5% over Monday's closing price of $17.67. The deal is expected to close during the fourth quarter. Shares were trading up 48 cents to $18.15.
shares moved lower after the Mac and iPod maker said it will sell movies on its iTunes service and update its digital music players. The movies will range in price from $9.99 to $14.99. The new iPods, meanwhile, will feature brighter screens and a longer battery life, while new versions of the iPod nano also will be released. Shares of Apple recently were down 58 cents to $71.92.
traded actively after the chipmaker narrowed its third-quarter earnings and revenue guidance. The company now sees earnings of 44 cents to 46 cents a share, with revenue of $3.71 billion to $3.87 billion. Previously, the company projected earnings of 42 cents to 48 cents a share on revenue of $3.63 billion to $3.95 billion. Analysts polled by Thomson First Call anticipate earnings of 46 cents a share and revenue of $3.8 billion.
TI forecast semiconductor revenue of $3.53 billion to $3.67 billion. Previously, the company predicted semiconductor revenue of $3.45 billion to $3.75 billion. Shares were trading up 29 cents to $32.07.
were active after the light scanning technologies company received a $5.95 million subcontract from a unit of
. The deal calls for Microvision to supply General Dynamics with helmet-mounted displays as part of the Army's mounted warrior HMD improvement program. Microvision shares were down 5 cents to $1.69.
Other technology movers included
, up 34 cents to $19.74;
, down 6 cents to $25.85;
, down 1 cent to $16.28;
, up 23 cents to $22.19;
, up 4 cents to $2.33;
, up 98 cents to $17.41;
, up 14 cents to $5.13; and
, up 9 cents to $2.17.