Updated from 11:33 a.m. EDT

Tech stocks edged down Wednesday, as mixed earnings outweighed a $495 million deal between software makers.

Agile Software

( AGIL) jumped 12.6% after the software firm agreed to be acquired by

Oracle

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for $495 million in cash. Oracle will pay $8.10 a share, or a premium of 14% over Agile's closing price of $7.08 on Tuesday.

"The addition of Agile, which will serve as the foundation of our PLM offering, will further Oracle's strategy of delivering industry-specific enterprise applications and allows us to offer yet another strategic application to SAP customers," Oracle said. The deal is expected to close in July. Shares of Agile closed up 89 cents to $7.97. Shares of Oracle closed up 15 cents, or 0.8% to $18.99.

On the earnings front,

Compuware

(CPWR)

vaulted 7.3% after the software maker posted better-than-expected fourth-quarter results. The company earned $67.5 million, or 21 cents a share, on revenue of $313 million. Analysts polled by Thomson Financial expected earnings of 17 cents a share on revenue of $313 million. During the year-earlier quarter, the company earned $56.5 million, or 15 cents a share, on revenue of $309.5 million. Shares were up 73 cents to $10.67.

Meanwhile,

Salary.com

( SLRY) slid 11.5% after the software company posted an in-line fourth-quarter loss. The company posted a loss of $4.1 million, or 44 cents a share, on revenue of $6.4 million. Excluding items, the company reported a loss of $1.2 million, or 11 cents a share. Analysts expected a loss of 11 cents a share on revenue of $6.3 million. During the year-earlier quarter, the company posted an adjusted loss of $653,000, or 11 cents a share, on revenue of $4.5 million.

Looking ahead, Salary.com sees an adjusted first-quarter loss of $1.5 million to $1.7 million on revenue of $6.7 million to $7.1 million. Analysts project a loss of $1.8 million on revenue of $6.7 million. Shares were down $1.46 to $11.29.

CommVault Systems

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jumped 10.1% after the software company posted better-than-expected fourth-quarter results. For the quarter ended March 31, the company posted adjusted earnings of $6 million, or 14 cents a share, on revenue of $42.6 million. Analysts expected earnings of 12 cents a share.

Looking ahead, CommVault sees fiscal 2008 adjusted earnings of 55 cents to 57 cents a share on revenue of $191 million to $193 million. Analysts project earnings of 56 cents a share on revenue of $191.7 million. Shares were up $1.59 to $17.39.

Finally,

Wireless Ronin Technologies

TheStreet Recommends

(RNIN)

slid 12.5% after the company said that it would sell 4 million shares in a public offering. Of the 4 million shares, the company will sell 3 million while a shareholder will sell the rest. The company also plans to grant underwriters an option to buy an additional 450,000 shares to cover overallotments. The company plans to use proceeds from the offering to fund general corporate purposes. Shares were down $1.06 to $7.40.

As for the broader technology sector, the Nasdaq 100 was up 19.78 points to 1891.57.

Other technology movers included

Applied Materials

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, down 61 cents to $19.17;

Intel

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, up 17 cents to $22.18;

Cisco

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, up 35 cents to $26.48; Dell, up $1.25 to $25.92;

Apple

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, down 18 cents to $107.34;

Microsoft

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, up 17 cents to $31.07; and

Sirius Satellite Radio

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, down 4 cents to $2.69.