were among technology's losers Tuesday, dropping 6% after the software company's first-quarter results fell short of expectations.
For the period ended Oct. 31, the company earned $765,000, or 7 cents a share, on revenue of $21.7 million. Analysts polled by Thomson First Call expected earnings of 10 cents a share, with revenue of $22.7 million. During the year-earlier quarter, the company earned $546,000, or 5 cents a share, on revenue of $20.8 million. Shares were trading down 45 cents to $7.67.
fell 3% after the software developer priced a secondary offering at a 3% discount to Monday's closing price of $55.27. The company priced 30 million American depositary shares at $53.50 a share, raising about $1.6 billion. Infosys won't receive any proceeds from the offering. Shares were down $1.81 to $53.46.
Blue Coat Systems
traded actively after the company posted fiscal second-quarter sales of $40.2 million, slightly above analysts' forecast of $38 million. The company didn't report its earnings for the October quarter because of an ongoing inquiry into its historical stock-option grants. Blue Coat said that it expects to post full results "as soon as is practicable after the completion of the review" of its stock-option practices.
For the fiscal third quarter, Blue Coat projected third-quarter revenue of $40 million to $45 million. Analysts project revenue of $43.6 million. Shares were at $25.44, down 6 cents.
rose 1% after the telecom-equipment maker received orders totaling $2.4 million from the U.S. Army. Under the contract, which is part of the company's MTS contract with the Army, the company will supply installation kits and technical support services. Shares were trading up 36 cents to $36.64.
Brocade Communications Systems
rose 4% ahead of the company's fourth-quarter earnings release after the bell. Analysts expect the company to post earnings of 12 cents a share and revenue of $203.5 million. Last year, the storage-area networks company recorded adjusted earnings of $19 million, or 7 cents a share, on revenue of $145.5 million. Shares of Brocade were adding 32 cents to $8.41.
Other technology movers included
, down 53 cents to $21.74;
, up 2 cents to $29.97;
Marvell Technology Group
, down 38 cents to $20.48;
, up 2 cents to $5.53;
, up $1.32 to $87.79;
, down $1.10 to $35.90;
, down 1 cent to $2.61;
, up 64 cents to $21.12; and
, unchanged at $18.24.