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Wednesday's Tech Winners & Losers

Intevac soars as earnings blow past estimates.

Shares of

Intevac

(IVAC) - Get Intevac, Inc. Report

were among technology's winners Wednesday, soaring 24% after the maker of disk-drive manufacturing equipment posted fourth-quarter results that blew past estimates.

The company earned $21.3 million, or 97 cents a share, on revenue of $95.9 million. Analysts polled by Thomson First Call expected earnings of 70 cents a share and revenue of $86.5 million. During the year-earlier quarter, Intevac earned $9.9 million, or 46 cents a share, on revenue of $52.7 million.

Intevac said that 2007 is off to a strong start. "We are off to a flying start in 2007 with the demand for digital storage continuing strong and twenty-five 200 Leans in backlog and scheduled for delivery in the first half, which should lead to at least a 20% increase in revenue compared to the first half of 2006," the company said. Shares were trading up $5.62 to $28.19.

Keane

(KEA)

jumped 18% after the information technology services company agreed to be acquired by privately held Caritor for $854 million in cash.

Caritor will pay $14.30 a share, a premium of 19% over Keane's Tuesday closing price of $12. "As a private company, combined with Caritor, Keane will be better positioned to continue to invest in growth, provide new employee opportunities, and service its clients," Keane said. The deal is expected to close during the second quarter. Shares of Keane recently were trading up $2.13 to $14.13.

Shares of

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

rose 5% after the networking giant reported better-than-expected second-quarter results and issued a bullish forecast. For the period ended Jan. 27, the company posted adjusted earnings of $2.1 billion, or 33 cents a share, on revenue of $8.44 billion. Analysts polled by Thomson First Call expected earnings of 31 cents a share and revenue of $8.28 billion. During the year-earlier period, Cisco recorded adjusted earnings of $1.6 billion, or 26 cents a share, on revenue of $6.63 billion.

Looking ahead, Cisco forecast third-quarter revenue of $8.7 billion to $8.8 billion and fourth-quarter revenue of $9 billion to $9.3 billion. Analysts project revenue of $8.56 billion for the third quarter and $9.12 billion for the fourth. Shares were trading up $1.25 to $28.53.

Brooks Automation

(BRKS) - Get Brooks Automation, Inc. Report

rose 11% after the chip equipment maker posted better-than-expected first-quarter revenue and issued a strong second-quarter forecast. For the quarter ended Dec. 31, the company posted adjusted earnings from continuing operations of $20.8 million, or 28 cents a share, on revenue of $191.4 million. Analysts expected earnings of 28 cents a share and revenue of $187.2 million. During the year-earlier quarter, the company reported a loss of $11.7 million, or 18 cents a share, on revenue of $108.5 million.

For the fiscal second quarter, Brooks forecast earnings of 25 cents to 30 cents a share, including 5 cents in charges. Analysts project earnings of 24 cents a share. The company sees revenue of $185 million to $190 million, ahead of Wall Street's forecast of $180.5 million. Shares of Brooks were trading at $15.77, up $1.56.

Shares of

Diodes

(DIOD) - Get Diodes Incorporated Report

fell 3% after the chipmaker posted mixed fourth-quarter results and gave a first-quarter revenue projection below Wall Street's forecast. The company earned $14.7 million, or 53 cents a share, in the fourth quarter. Excluding stock-based compensation costs, earnings were $15.8 million, or 56 cents a share, beating analysts' expectation of 63 cents. Revenue totaled $94.4 million, slightly shy of Wall Street's projection of of $94.8 million. During the year-earlier quarter, the company earned $10 million, or 36 cents a share, on revenue of $61.4 million.

For the first quarter, Diodes anticipates revenue of $90 million to $94 million. Analysts, on average, predict revenue of $94.3 million. Shares were down $1.06 to $36.49.

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Other technology movers included

Microsoft

(MSFT) - Get Microsoft Corporation (MSFT) Report

, up 4 cents to $29.55;

Level 3 Communications

(LVLT)

, up 19 cents to $6.53;

Intel

(INTC) - Get Intel Corporation (INTC) Report

, up 17 cents to $21.48;

Broadcom

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, up $2.07 to $34.06;

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

, up 6 cents to $6.59;

Oracle

(ORCL) - Get Oracle Corporation Report

, down 5 cents to $16.97;

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

, up 43 cents to $84.58; and

Dell

(DELL) - Get Dell Technologies Inc Class C Report

, up 22 cents to $23.87.