Skip to main content

Shares of


(IVAC) - Get Intevac, Inc. Report

were among technology's winners Tuesday, soaring 23% after the maker of disk drive manufacturing equipment posted third-quarter results that easily surpassed estimates.

The company earned $9 million, or 41 cents a share, on revenue of $54.8 million. Analysts polled by Thomson First Call expected earnings of 13 cents a share and revenue of $45.2 million. During the year-earlier quarter, the company earned $6.2 million, or 29 cents a share, on revenue of $43.5 million. "We delivered significantly more revenue and net income than we expected at the beginning of the quarter," Intevac said. Shares were trading up $3.81 to $20.65.

Nuance Communications

(NUAN) - Get Nuance Communications, Inc. Report

rose 7% after the software company projected fourth-quarter results above its prior estimates. For the quarter ended Sept. 30, the company expects to post adjusted earnings of 13 cents to 14 cents a share, up from its August forecast of 11 cents to 12 cents. Analysts forecast earnings of 11 cents a share. The company predicts revenue of $126 million to $128 million, ahead of the $123.6 million that analysts project. Nuance previously predicted revenue of $116 million to $120 million.

For the fiscal first quarter, Nuance expects earnings to be within analysts' forecasts, with revenue that is at or slightly above the high end of analysts' projections. According to First Call, analyst estimates for the quarter call for earnings of 9 cents to 11 cents a share, with revenue ranging from $124.5 million to $128.9 million. Nuance shares were adding 79 cents to $11.70.

Shares of

Agere Systems

(AGR) - Get Avangrid, Inc. Report

rose 6% after the chipmaker posted better-than-expected fourth-quarter results. For the period ended Sept. 30, the company earned $13 million, or 8 cents a share. Excluding items, earnings were $51 million, or 30 cents a share, ahead of analysts' forecast of 23 cents. Revenue totaled $388 million, compared with Wall Street's forecast of $386.9 million. In the year-earlier quarter, Agere recorded adjusted earnings of $38 million, or 21 cents a share, on revenue of $416 million.

Agere projected first-quarter adjusted earnings of 18 cents to 23 cents a share, in line with analysts' mean estimate of 22 cents. The company sees revenue of $365 million to $390 million, bracketing Wall Street's target of $387.7 million. Shares were up 94 cents to $17.22.

Rackable Systems


TheStreet Recommends

jumped 9% after the server and storage company's better-than-expected fourth-quarter outlook overshadowed disappointing third-quarter results. The company reported a third-quarter loss of $389,000, or a penny a share, on revenue of $80.5 million. Excluding items, Rackable earned $5.4 million, or 19 cents a share. Analysts expected earnings of 20 cents a share, before items, on revenue of $84.6 million. Last year, the company posted third-quarter earnings of $4.4 million, or 20 cents a share, and revenue of $57.4 million.

For the fourth quarter, Rackable Systems anticipates earnings of 25 cents to 27 cents a share, with revenue of $100 million to $110 million. Analysts project earnings of 23 cents a share and a top line of $94.3 million. Shares recently changed hands at $31.47, up $2.58.

Shares of

i2 Technologies

( ITWO) see-sawed after the software company posted better-than-expected earnings but lowered its full-year earnings and revenue outlook. For the third quarter, the company earned $3.8 million, or 15 cents a share, down from $4.7 million, or 18 cents a share, a year earlier. Excluding items, i2 earned 28 cents a share, 4 cents better than Wall Street's forecast. Revenue rose to $71.4 million from $66.5 million, exceeding analysts' estimate of $64.7 million.

For the full year, however, i2 Technologies cut its adjusted earnings forecast to 95 cents to $1.05 a share from an earlier view of $1 to $1.20 a share. The company now sees revenue of $268 million to $272 million, compared with its earlier forecast for revenue of around $294.4 million. Shares fell as much as 12% earlier, but recently were up 50 cents to $19.70.

Other technology movers included

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

, up 36 cents to $24.26;


(MSFT) - Get Microsoft Corporation (MSFT) Report

, up 16 cents to $28.69;

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

, up 1 cent to $5.56;


( CMGI), up 7 cents to $1.37;


(INTC) - Get Intel Corporation (INTC) Report

, up 1 cent to $21.27;

Apple Computer

(AAPL) - Get Apple Inc. (AAPL) Report

, up 68 cents to $81.10;


(ORCL) - Get Oracle Corporation Report

, up 12 cents to $18.64; and

Sirius Satellite Radio

(SIRI) - Get Sirius XM Holdings, Inc. Report

, up 2 cents to $3.81.