were among technology's winners Wednesday, surging 12% after the chip company's third-quarter revenue exceeded estimates.
For the quarter ended Oct. 28, the company reported revenue of $25.1 million, up sharply from $8.5 million a year earlier. The revenue was above analysts' forecast of $23.1 million, according to Thomson First Call. Sigma Designs didn't release earnings because of an ongoing review of its historical stock-option-grant practices. Shares were trading up $2.80 to $25.65.
slid 9% following news of the company's agreement to buy out Huawei Technologies' stake in a router joint venture. 3Com plans to pay $882 million to buy the 49% stake in the Huawei-3Com joint venture. The transaction is subject to customary approval in China. Shares of 3Com were down 41 cents to $4.08.
shares rose 6% after the maker of disk-drive manufacturing equipment said it received orders for 11 of its disk-sputtering systems. The company said the equipment, bought by two customers, will be delivered during the first half of 2007.
"We are very pleased to receive these orders, which increase our first-half 2007 200 Lean backlog to a level high than the number of 200 Leans shipped in the first half of 2006," Intevac said. Shares were up $1.13 to $26.88.
shares dropped 8% after the software company posted mixed third-quarter results. The company reported a loss of $4.8 million, or 5 cents a share, widened from $2.4 million, or 2 cents a share, a year earlier. Excluding charges and stock-based compensation costs, the company earned $500,000, or a penny a share. Analysts expected break-even results on this basis. Revenue rose to $25 million from $15.8 million last year, but fell short of Wall Street's forecast of $25.6 million.
Looking ahead, Opsware forecast adjusted fourth-quarter earnings of 3 cents a share and revenue of $30 million. Analysts project earnings of 3 cents a share and a top line of $29.6 million. Shares were trading at $8.15, down 54 cents.
fell 2% after the chipmaker backed its fiscal third-quarter guidance. The company continues to forecast earnings of 33 cents a share and revenue of $255 million for the quarter ending Dec. 31. Analysts project earnings of 33 cents a share on revenue of $254.9 million.
"In spite of the challenging conditions in the marketplace, we still expect strong revenue in our 16-bit microcontrollers in the December quarter," Microchip said. Shares recently were down 74 cents to $33.52.
Other technology movers included
, up 15 cents to $27.18;
, up 39 cents to $21.37;
, up 3 cents to $2.59;
, up 17 cents to $29.56;
, up 61 cents to $92.42;
, up 6 cents to $5.41;
Sirius Satellite Radio
, up 4 cents to $4.21; and
Level 3 Communications
, up 3 cents to $5.16.