Wednesday's Tech Winners & Losers

SanDisk is higher on a licensing pact with Hynix Semiconductor.
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Shares of

ICF International

(ICFI) - Get Report

were among technology's winners Wednesday, surging 19% after the consulting and technology services concern posted blowout earnings and issued a revenue guidance that was well above expectations.

For the fourth quarter, company earned $9.2 million, or 65 cents a share, on revenue of $113.9 million. Analysts polled by Thomson First Call expected earnings of 30 cents a share and revenue of $100 million. A year earlier, ICF posted a loss of $1 million, or 11 cents a share, on revenue of $51.8 million.

Looking ahead, ICF forecasts first-quarter revenue of $125 million to $135 million. Analysts project revenue of $96.9 million. For the full year, the company sees revenue of $480 million to $520 million, above Wall Street's target of $399 million. Shares of ICF were trading up $3.11 to $19.32.

SanDisk

(SNDK)

rose 4% after the flash memory supplier signed a cross-license agreement with

Hynix Semiconductor

. The agreement covers flash memory components for both companies and an agreement for product supply. Additionally, the two companies signed a memorandum of understanding for a joint venture in which the companies will make memory components and sell NAND memory system products. Shares of SanDisk were up $1.51 to $43.42.

Shares of

Oracle

(ORCL) - Get Report

climbed 3% after the software maker posted better-than-expected third-quarter results. For the period ended Feb. 28, the company earned $1.03 billion, or 20 cents a share, on revenue of $4.41 billion. Excluding items, earnings were $1.3 billion, or 25 cents a share. Analysts expected earnings of 23 cents a share, before items, on revenue of $4.33 billion. In the year-earlier period, the company earned $765 million, or 14 cents a share, on revenue of $3.47 billion. Adjusted earnings were $1 billion, or 19 cents a share.

For the fourth quarter, Oracle sees adjusted earnings of 34 cents a share, with revenue of $5.39 billion to $5.59 billion. Analysts had forecast earnings of 34 cents a share and revenue of $5.53 billion. Shares of Oracle recently were up 60 cents to $18.15.

Adobe Systems

(ADBE) - Get Report

rose 4% after the software company's first-quarter earnings and second-quarter revenue forecast topped expectations. For the period ended March 2, Adobe reported adjusted earnings of $182.3 million, or 30 cents a share, a penny above Wall Street's target. Revenue totaled $649.4 million, shy of analysts' estimate of 655.6 million. In the year-earlier period, the company recorded adjusted earnings of $197.5 million, or 32 cents a share, on revenue of $655.5 million.

For the fiscal second quarter, Adobe anticipates adjusted earnings of 34 cents to 36 cents a share, with revenue of $700 million to $740 million. Analysts project earnings of 35 cents a share and revenue of $716.9 million. Shares of Adobe were trading up $1.77 to $42.52.

Shares of

FSI International

(FSII)

slid 15% after the chip-equipment maker posted worse-than-anticipated second-quarter results. The company reported a loss of $4.3 million, or 14 cents a share, on revenue of $33.4 million. Excluding certain items, the loss was 2 cents a share. Analysts expected break-even results and revenue of $33.8 million. In the year-earlier quarter, FSI posted a loss of $3.7 million, or 12 cents a share, on revenue of $22.3 million.

Looking ahead, FSI forecasts a third-quarter loss of $3 million to $4 million, with revenue of $24 million to $27 million. Analysts projected a profit of 5 cents a share and revenue of $36.4 million. Shares were trading down 74 cents to $4.14.

Other technology movers included

Sun Microsystems

(SUNW) - Get Report

, up 18 cents to $6.38;

Microsoft

(MSFT) - Get Report

, down 25 cents to $27.59;

SBA Communications

(SBAC) - Get Report

, up 93 cents to $29.13;

Intel

(INTC) - Get Report

, down 5 cents to $18.94;

CMGI

(CMGI)

, up 10 cents to $1.95;

Level 3 Communications

(LVLT)

, down 1 cent to $6.17;

Cisco Systems

(CSCO) - Get Report

, down 18 cents to $26.16; and

Apple

(AAPL) - Get Report

, up 49 cents to $91.97.