Updated from 2:45 p.m. EDT

Shares of Electronics Boutique ( ELBO) were among the best-performing technology stocks Friday after the company posted better-than-expected second-quarter earnings and sales, said that third-quarter earnings would top expectations and raised its full-year outlook.

The electronics retailer posted a second-quarter profit of 16 cents a share on sales of $362 million. Analysts surveyed by Thomson First Call were expecting earnings of 8 cents a share on sales of $359.3 million. Looking ahead, the company forecast third-quarter earnings of 15 cents to 19 cents a share vs. analysts' estimates of 9 cents a share. For the full year, Electronics Boutique expects earnings of $2.02 to $2.10 a share, up from previous guidance of $1.90 to $2 a share. Analysts were expecting earnings of $1.99 a share. Shares traded up $3.55, or 12.8%, to $31.35.

Marvell Technology ( MRVL) rose after it posted better second-quarter earnings and sales than expected. The broadband communication and storage solutions company posted a pro forma profit of 20 cents a share on sales of $297.2 million. Analysts were expecting earnings of 19 cents a share on sales of $296.6 million. Strong momentum in the company's enterprise and consumer markets fueled the strong second-quarter results. Shares of Marvell Technology traded up $2.26, or 10.4%, to $23.98.

Shares of Autodesk ( ADSK) rose after the company posted strong second-quarter results that beat expectations and raised its full-year estimates above Wall Street expectations. Excluding items, the design software company posted a second-quarter profit of 34 cents a share on sales of $280 million. Analysts were expecting earnings of 30 cents a share on sales of $267.7 million. Looking ahead, Autodesk forecast full-year pro forma earnings of $1.60 to $1.64 a share on sales of $1.167 billion to $1.117 billion. Analysts were expecting earnings of $1.50 a share on sales of $1.12 billion. Shares traded up $4.70, or 12.6%, to $42.06.

Serena Software ( SRNA) traded actively after it posted better-than-expected second-quarter results and raised third-quarter guidance above analysts' expectations. Excluding items, the software company posted a second-quarter profit of 28 cents a share on sales of $58.8 million. Analysts were expecting earnings of 25 cents a share on sales of $55.8 million. Looking ahead, Serena forecast third-quarter earnings of 28 cents to 29 cents a share on sales of $59 million to $62 million. Analysts had expected earnings of 26 cents a share on sales of $58.2 million. Despite the company's optimistic outlook, shares traded down 10 cents, or 0.6%, to $16.14.

Shares of Novell ( NOVL) fell after the company posted disappointing third-quarter earnings and sales. Excluding several one-time items, the software company posted a second-quarter profit of 4 cents a share on sales of $305 million. Analysts were expecting earnings of 5 cents a share on sales of $306.6 million. Shares of Novell traded down 13 cents, or 2%, to $6.26.

Other technology volume leaders included Intel ( INTC - Get Report), down 39 cents to $21.62; Cisco ( CSCO), down 22 cents to $18.88; Microsoft ( MSFT - Get Report), up 8 cents to $27.20; Lucent ( LU), up 2 cents to $3.10; and Nortel Networks ( NT), up 12 cents to $3.86.