Wednesday's Winners & Losers: Yahoo!

CEO Jerry Yang says he believes he can bring stability back to Yahoo!, and the stock falls.
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Yahoo!

(YHOO)

was down 37 cents, or 1.5%, to $24.26 even as CEO Jerry Yang said in an interview with the

Wall Street Journal

that he believes he can bring stability back to Yahoo. Yang also accused

Microsoft

(MSFT) - Get Report

of trying to destabilize Yahoo and having no "real desire" to complete a deal. Microsoft had offered $31 a share for Yahoo, which was rejected by latter as being too low.

Qlogic

(QLGC)

gained $1.28, or 9.2%, to $15.24 after it raised its guidance for the first quarter. The storage networking company said it sees EPS in the range of 30 cents to 31 cents, compared with analysts' estimates of 27 cents. The company had earlier offered EPS guidance 26 cents to 28 cents. Revenue is now expected to be in the range of $166 million to $168 million, compared with consensus estimates of $156.4 million and beating prior guidance of $154 million to $158 million.

Shares of

Circor International

(CIR) - Get Report

jumped 20% to $60.30 after the Burlington, Mass., maker of fluid control products forecast second-quarter earnings of $1.10, up from previous projections of 74 cents to 83 cents a share.

FX Energy

(FXEN)

was up 19% to $5.89. The Salt Lake City oil and gas concern reported that one of their primary wells is currently drilling and doing better than expected.

This article was written by a staff member of TheStreet.com.