Tuesday's Tech Winners & Losers

DivX jumped after boosting earnings forecast.
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Updated from 11:29 a.m. EDT

Shares of

DivX

(DIVX)

were among technology's winners Tuesday, jumping 11.9% after the software maker boosted its first-quarter earnings and revenue guidance.

The company now sees sequential pretax earnings that will be at or above fourth-quarter results of 21 cents a share. Previously, the company said that earnings would be at or slightly below fourth-quarter earnings. Analysts polled by Thomson First Call project earnings of 13 cents a share. DivX now sees revenue of $19.8 million to $20.2 million, up from an earlier view of $17.3 million to $19.3 million. Analysts project revenue of $18.7 million. "Through the first quarter of 2007, we saw continuing evidence that consumers are choosing Divx to enrich their media experience," the company said. Shares closed up $2.40 to $22.50.

Chordiant Software

(CHRD)

rose 2.6% after the software company said it would post better-than-expected second-quarter results. For the period ended March 31, the company sees earnings of 11 cents to 16 cents a share on revenue of $31 million to $33 million. Analysts project earnings of 5 cents a share on revenue of $27.2 million. During the year-earlier period, the company posted a loss of 3 cents a share on revenue of $26 million.

"The record revenue and profits we expect to report this quarter are primarily due to the strong performance in our international business, the acceleration of percentage of completion project implementations in Europe, and greater enablement of our partners resulting in fewer Chordiant resources being required on some project implementations," the company said. Chordiant plans to issue and discuss second-quarter results on April 30. Shares closed up 30 cents to $12.

Shares of

Seagate Technology

(STX) - Get Report

fell 6.2% after the maker of hard drives warned that third-quarter revenue would be below expectations. For the quarter ended March 30, the company now sees revenue of about $2.8 billion, down from an earlier forecast of $2.9 billion to $3 billion. Analysts, meanwhile, project revenue of $2.94 billion. The company also said that gross margins did not meet its expectations. Seagate blamed the shortfall on lower-than-expected demand for 3.5-inch ATA disc drives and more aggressive pricing. Seagate will issue its third-quarter results on April 17. Shares closed down $1.46 to $22.

QLogic

(QLGC)

traded actively after the maker of switches and adapters announced a new $300 million stock buyback plan. The new buyback follows the company's previous $200 million stock repurchase plan. Shares closed down 14 cents to $17.56.

Shares of

Harris Interactive

(HPOL)

slid 18% after the market research and polling company cut its third-quarter sales bookings guidance. The company now sees bookings of about $58 million, down from an earlier forecast of $66 million. "We had stated earlier that strong March sales bookings would be the key to good Q3 sales results," the company said. "However, more than $9 million in large contracts did not get signed as expected during the month." The delays, in addition to hurting third-quarter results, will negatively affect second-half revenue, the company said. Shares closed down $1.10 to $5.01.

Other technology movers included

Applied Materials

(AMAT) - Get Report

, up 76 cents to $19.41;

Intel

(INTC) - Get Report

, up 58 cents to $20.68;

Oracle

(ORCL) - Get Report

, up 28 cents to $18.85;

Conexant Systems

(CNXT) - Get Report

, down 3 cents to $1.48;

Microsoft

(MSFT) - Get Report

, down 17 cents to $28.40;

Cisco Systems

(CSCO) - Get Report

, down 21 cents to $25.99; and

Sun Microsystems

(SUNW) - Get Report

, which closed flat at $5.93.