Tuesday's Tech Winners & Losers

Sirius slides, while Comtech climbs.
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Shares of

Sirius Satellite Radio

(SIRI) - Get Report

were among technology's losers Tuesday, sinking 8% after the satellite-radio maker cut its 2006 subscriber forecast.

The company now expects 5.9 million to 6.1 million subscribers by the end of the year, down from an earlier forecast of 6.3 million. The guidance represents net subscriber additions of about 2.6 million to 2.8 million over 2005. "While strong, this year's retail sales results since the Thanksgiving week have not been at the pace we had anticipated," Sirius said. Shares were trading down 31 cents to $3.86.

Comtech Telecommunications

(CMTL) - Get Report

jumped 9% after the telecom-equipment maker posted better-than-expected first-quarter results. For the quarter ended Oct. 31, the company earned $10.8 million, or 41 cents a share, on revenue of $97.1 million. Analysts expected earnings of 32 cents a share, with revenue of $90.4 million. During the year-earlier period, the company earned $11.5 million, or 43 cents a share, on revenue of $106.6 million. Shares were trading up $3.16 to 38.42.

Shares of

MTM Technologies

(MTMC)

soared 62% after the micro-cap information technology company received a multi-million dollar services contract from Webster Bank. The contract calls for MTM to provide IT services to over 3,500 desktops and 600 servers.

"A contract of this magnitude, which covers such a broad

number of services, speaks volumes to the results that MTM Technologies has delivered in the past and to the confidence that Webster Bank has in our ability to deliver results in the future," MTM said. Shares were trading at $2.52, up 97 cents.

Sycamore Networks

(SCMR)

rose 5% after the networking-products company said first-quarter revenue jumped to $34.9 million from $27.3 million last year. Sycamore didn't provide bottom-line results because it is conducting an investigation into its historical stock-option practices. Shares were trading up 19 cents to $3.88.

Other technology movers included

Sun Microsystems

(SUNW) - Get Report

, down 9 cents to $5.56;

Cisco Systems

(CSCO) - Get Report

, down 4 cents to $27.21;

Microsoft

(MSFT) - Get Report

, down 28 cents to $29.05;

Qualcomm

(QCOM) - Get Report

, up $1.95 to $39.33;

Intel

(INTC) - Get Report

, up 10 cents to $21.32;

Level 3 Communications

(LVLT)

, down 8 cents to $5.52;

Oracle

(ORCL) - Get Report

, down 16 cents to $19.12; and

Apple Computer

(AAPL) - Get Report

, up 68 cents to $91.80.