Shares of

American Technology

(ATCO)

were among technology's losers Wednesday, sliding 19% after the audio technology company cut its revenue forecast and announced the termination of its chief financial officer.

The company now sees revenue of $2 million to $2.5 million, down from an earlier view of $3 million to $4 million. American Technology blamed the shortfall on an order push-out by one of its customers. Separately, American Technology said that Tom Brown, the company's CEO, would now serve as interim CFO, replacing Steve Stringer. Shares were trading down 84 cents to $3.52.

Among the winners was

Eclipsys

(ECLP)

, which was rising 11% after news the health care information technology company won a contract with Cleveland, Ohio-based University Hospitals. The hospital system will use Eclipsys' Sunrise Clinical Manager software and its fully integrated modules to connect its physicians, nurses, pharmacists, other clinicians and administrators. Shares were recently trading up $1.90 at $18.94.

Shares of

Cbeyond

(CBEY)

fell 3% after the voice, mobile and broadband services company filed a registration statement with the

Securities and Exchange Commission

to

sell up to 4.1 million shares of stock in a secondary offering. The shares are being offered by existing shareholders, meaning that Cbeyond will not receive any proceeds from the sale. Shares were recently trading down 32 cents, or 1%, at $27.23.

Shares of

Oracle

(ORCL) - Get Report

were climbing 11% after the software giant posted

first-quarter results that beat expectations.

The company earned $670 million, or 13 cents a share, on revenue of $3.59 billion. Excluding items, the company earned $931 million, or 18 cents a share. Analysts polled by Thomson First Call expected earnings of 16 cents a share on revenue of $3.47 billion. During the year-earlier period, the company posted adjusted earnings of $738 million, or 14 cents a share, on revenue of $2.77 billion. Shares were trading up $1.84 to $17.97.

Microchip Technology

(MCHP) - Get Report

fell 3% after the chip company

revised its second-quarter earnings guidance. For the period ending Sept. 30, the company now sees earnings of 36 cents to 37 cents a share, compared to its previous guidance of about 37 cents a share. Analysts project earnings of 37 cents a share. Excluding stock-based compensation costs, the company now sees earnings of 38 cents to 39 cents a share, compared to its previous view of about 39 cents a share.

"The first two months of the quarter have been seasonally normal," the company said. "However, we are seeing the start of the Christmas builds in Asia pushing out by a couple of weeks. This could be potentially exacerbated by the situation in Thailand." Shares were trading down 85 cents to $32.75.

Shares of

Intuit

(INTU) - Get Report

fell 1% after the maker of financial software

reaffirmed its first-quarter forecast. Excluding items, the company sees a loss of 12 cents to 14 cents a share on revenue growth of 10% to 15%. Analysts project a loss of 12 cents a share on revenue of $338.7 million. Intuit reaffirmed its guidance ahead of its annual investor day, which is being held today at its headquarters. Shares were trading down 28 cents to $32.85.

Other technology movers included

Yahoo!

(YHOO)

, down 12 cents to $25.63;

Sun Microsystems

(SUNW) - Get Report

, up 3 cents to $5.15;

Intel

(INTC) - Get Report

, up 10 cents to $19.52;

Microsoft

(MSFT) - Get Report

, up 21 cents to $27.07;

Cisco Systems

(CSCO) - Get Report

, up 20 cents to $22.96;

JDSU

(JDSU)

, up 5 cents to $2.20; and

Lucent Technologies

(LU)

, up 2 cents to $2.30.