were among technology's losers Wednesday, tumbling 12% after the TV recording concern had a setback in an ongoing patent suit with
TiVo said a federal appeals court granted an EchoStar request to stay an injunction against the sale of the satellite broadcaster's video-recording devices. In August, a federal judge issued the injunction against EchoStar, halting the sale of certain digital video recorders. TiVo shares recently were down 89 cents to $6.63; EchoStar shares were down a penny at $32.06.
Silicon Motion Technology
rose 6% after the developer of chip components said it set a record for flash controller shipments in September. The company shipped more than 22 million controllers during the month of September, up from 12 million during last year's September period.
"As we have indicated previously, we are seeing strong demand for small form factor flash memory cards that are used in mobile phones," the company said. In early September, Silicon Motion boosted its third-quarter revenue projection, saying that it was benefiting from continued strength in flash memory cards that are used in cellular phones. Shares were adding 97 cents to $17.41.
shares advanced 5% after the company said it expects to post strong third-quarter software sales. The company said its CDC Software unit expects to report software license revenue of $10.9 million to $11.5 million, which would represent an increase of about 27% over year-ago results.
"Our preliminary estimates indicate that our software sales were very strong during the quarter, in spite of the typical doldrums during the late summer," the company said. Shares were trading up 27 cents to $5.77.
rose 3% after the software maker posted better-than-expected first-quarter results and forecast in-line second-quarter results. For the period ended Aug. 31, the company reported adjusted earnings of $4.7 million, or 2 cents a share, on revenue of $166.4 million. Analysts polled by Thomson First Call expected earnings of a penny a share and revenue of $163.2 million. A year earlier, Lawson recorded adjusted earnings of $8.1 million, or 8 cents a share, on revenue of $87.9 million.
Looking ahead, Lawson sees adjusted second-quarter earnings of 3 cents to 5 cents a share, with revenue of $175 million to $183 million. Analysts project earnings of 3 cents a share on revenue of $178.3 million. Shares were trading up 20 cents to $7.48.
Sirius Satellite Radio
fell 3% after the company said it added more than 441,000 new subscribers during the third quarter. The satellite radio company ended the quarter with nearly 5.12 million subscribers, a jump from the 2.17 million subscribers that it reported a year ago. Sirius continues to see 6.3 million subscribers by the end of the year. Shares were trading down 5 cents to $4.02.
radio, meanwhile, said it added 285,000 net new users in the third quarter, giving it a total of 7.18 million subscribers. The company also said George Haywood stepped down from the board Tuesday for personal reasons. Haywood, a former private equity investor, is the second director to leave XM's board this year. Shares recently were down 64 cents, or 5%, to $11.94.
rose 5% after the voice, mobile and broadband services company priced a 4.27-million-share stock offering at $26.75 a share. Selling shareholders also granted underwriters an option to buy an additional 640,066 shares to cover over-allotments. Cbeyond won't receive any proceeds from the offering. Shares were up $1.31 to $28.26.
Other technology movers included
, up 28 cents to $27.65;
, up 5 cents to $20.62;
, down 1 cent to $2.18;
, down 4 cents to $4.95;
, up $1.14 to $29.44;
, down 7 cents to $17.83;
, down 6 cents to $23.35;
, down 62 cents to $73.46; and
Marvell Technology Group
, down 30 cents to $16.50.