were among technology's losers Wednesday, slumping 15% after the provider of computer-based educational products posted disappointing first-quarter results.
For the period ended Jan. 31, the company posted a loss of $4.5 million, or 19 cents a share, on revenue of $17 million. Analysts polled by Thomson First Call expected a smaller loss of 14 cents a share on higher revenue of $19 million. During the year-earlier period, the company reported a loss of $3 million, or 14 cents a share, on revenue of $23.5 million.
Looking ahead, Plato sees a 2007 loss that will be in line with the company's adjusted loss in 2006. The company sees 2007 revenue that will be in the mid-$70 million range. Analysts project a loss of 43 cents a share on revenue of $82.1 million. Shares were trading down 76 cents to $4.27.
tumbled 16% after the wireless telecom-systems company posted fourth-quarter results that fell well below expectations. The company reported a loss of $7.8 million, or 30 cents a share, on revenue of $23.9 million. Analysts expected a loss of 8 cents a share on revenue of $31.3 million. During the year-earlier period, the company posted a profit of $15.4 million, or 59 cents a share, on revenue of $29.8 million.
EFJ blamed the revenue decline on lower revenue in its wireless business segment. "Our private wireless business segment was much softer than anticipated," the company said. "This was due to market delays in shipping rebanding orders, shifts in product mix and unanticipated outsourcing issues which delayed our launching of new improved products."
Looking ahead, EFJ sees 2007 operating income of $7 million to $10 million on revenue of $185 million to $195 million. Analysts project earnings of 46 cents a share on revenue of $193 million. Shares were trading down $1.03 to $5.36.
fell 9% after the payment technology company posted a fourth-quarter loss. The company reported a loss from continuing operations of $2.7 million, or 5 cents a share, on revenue of $64.8 million. Analysts expected a profit of 2 cents a share. During the year-earlier period, the company reported a loss of $3.3 million, or 6 cents a share, on revenue of $68.1 million.
Looking ahead, Hypercom sees 2007 revenue of $284 million to $290 million. Shares were trading down 48 cents to $4.98.
fell 1% after the chipmaker backed its first-quarter revenue and gross margin forecasts. The company continues to see a sequential decline of 3% to 6% in revenue and a decline of 50 to 100 basis points in gross margins. During the fourth quarter, the company posted revenue of $418.3 million, which would imply first-quarter revenue of $393.2 million to $405.8 million. Analysts project revenue of $401.6 million. Shares were trading down 24 cents to $17.54.
rose 4% after the chipmaker said it would offer about $500 million in convertible senior notes. The company plans to grant initial purchasers of the notes an option to buy an additional $100 million in notes to cover overallotments. Cypress will use proceeds from the offering to repurchase its common stock. Shares were trading up 71 cents to $18.78.
Other technology movers included
, down 16 cents to $19.24;
, down 11 cents to $25.85;
, down 17 cents to $27.66;
, down 3 cents to $6.22;
Sirius Satellite Radio
, down a penny to $3.46;
Brocade Communications Systems
, up 6 cents to $9.86;
, down 27 cents to $16.61; and
, up 11 cents to $88.30.