Wednesday's Tech Winners & Losers

Daktronics lights up, while Comverse tumbles.
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Shares of

Comverse Technology

(CMVT)

were among tech's losers Wednesday, sliding 14% after the software company said that its stock-options backdating probe turned up several additional errors and the possible misuse of accounting reserves.

Comverse said it found errors in revenue recognition, errors regarding deferred tax accounts, and the miscalculation of certain expenses during earlier period. The company said it is unable to estimate the effect of the accounting issues or estimate how long it will take to complete the necessary restatements. Shares were trading down $2.98 to $17.66.

Shares of

Daktronics

(DAKT) - Get Report

soared 22% after the company posted second-quarter results that easily surpassed expectations. For the quarter ended Oct. 28, the maker of electronic scoreboards and video displays earned $8.9 million, or 22 cents a share, on revenue of $123.5 million. Analysts polled by Thomson First Call expected earnings of 15 cents a share on revenue of $98.4 million. During the year-earlier quarter, the company earned $5.2 million, or 13 cents a share, on revenue of $75.8 million.

For the fiscal third quarter, Daktronics projects earnings of 12 cents to 18 cents a share and revenue of $103 million to $115 million. Analysts expect earnings of 14 cents a share on revenue of $92.1 million. For the entire year, the company said that it could post revenue of $450 million. Analysts project full-year revenue of $395.5 million. Shares were up $5.77 to $32.44.

Ansoft

(ANST)

fell 2% after the company posted in-line second-quarter earnings. For the period ended Oct. 31, the company earned $3.7 million, or 14 cents a share, on revenue of $20.5 million. Analysts polled by Thomson First Call expected earnings of 14 cents a share on revenue of $20.4 million. During the year-earlier period, the company earned $4.1 million, or 16 cents a share, on revenue of $18 million.

Looking ahead, Ansoft sees revenue growth of 10% to 15% for the remainder of its fiscal year. Shares were down 52 cents to $25.26.

Shares of

CDC

(CHINA)

rose 9% after the software company's third-quarter report pleased investors. The company reported a profit of $3.1 million, or 2 cents a share, on revenue of $61.4 million. Excluding items, the company earned $10.1 million, or 9 cents a share. Two analysts had an average estimate for earnings of 6 cents a share. During the year-earlier quarter, CDC had an adjusted profit of $3.2 million, or 3 cents a share, on revenue of $50.1 million.

For the full year, CDC anticipates adjusted earnings of $32 million to $33.3 million, with revenue of $303 million to $307 million. For fiscal 2007, the company projects earnings of $55 million to $60 million and revenue of $401 million to $411 million. Shares were trading up 67 cents to $7.74.

Verigy

(VRGY)

rose 4% after the semiconductor test company posted fourth-quarter results that blew by expectations. For the quarter ended Oct. 31, the company earned $14 million, or 25 cents a share, on revenue of $202 million. Excluding one-time items and $2.2 million in stock-based compensation costs, the company earned $33 million, or 56 cents a share. Analysts expected earnings of 19 cents a share and revenue of $192.4 million. During the year-earlier period, the company reported a loss of $15 million, or 30 cents a share, on revenue of $159 million. Excluding items, the year-earlier loss was $5 million, or 10 cents a share.

Verigy sees first-quarter adjusted earnings of 22 cents to 27 cents a share, below Wall Street's forecast of 33 cents. The company predicts revenue of $150 million to $160 million, compared with analysts' forecast of $177.4 million. Shares recently changed hands at $16.85, up 65 cents.

Other technology movers included

Intel

(INTC) - Get Report

, up 4 cents to $21.92;

Microsoft

(MSFT) - Get Report

, up 7 cents to $29.30;

Cisco Systems

(CSCO) - Get Report

, up 7 cents to $26.71;

Applied Materials

(AMAT) - Get Report

, up 21 cents to $18.71;

Broadcom

(BRCM)

, up 43 cents to $34.48;

Dell

(DELL) - Get Report

, up 40 cents to $25.99;

Sirius Satellite Radio

(SIRI) - Get Report

, up 3 cents to $4.13;

Sun Microsystems

(SUNW) - Get Report

, up 2 cents to $5.41; and

Lucent Technologies

(LU)

, up 4 cents to $2.57.