Updated from 12:38 p.m. EDTShares of Netegrity ( NETE) were among the best-performing technology stocks Wednesday after
Open Text ( OTEX) fell 20.8% after the company warned that its first-quarter earnings and sales would miss expectations. Excluding items, the software maker now expects to post a profit of 3 cents to 6 cents a share, down from previous guidance of 7 cents to 12 cents a share. Sales are now expected to be between $84 million and $86 million, down from previous guidance of $87 million to $93 million. Analysts had been expecting earnings of 11 cents a share on sales of $89.4 million. The company said that several deals failed to close during the quarter, leading to the earnings and sales revision. Shares traded down $4.17 to $15.88. Shares of Credence Systems ( CMOS) fell 3.9% after the company cut its fourth-quarter earnings and sales guidance. The chip-equipment maker now expects to post a loss of 17 cents to 21 cents a share on sales of $110 million to $115 million. Previously, Credence forecast earnings of 5 cents to 10 cents a share on sales of $140 million to $150 million. Weak business conditions that Credence observed in its Asian subcontractors at the end of the third quarter broadened into other segments of its customer base during the fourth quarter, it said. What's more, previous fourth-quarter guidance included new business that Credence expected to gain; that new business failed to materialize, Credence said. The company expects to release fourth-quarter earnings results on Dec. 1. Shares of Credence traded down 30 cents to $7.39. Other technology volume leaders included Lucent ( LU), up 8 cents to $3.20; Intel ( INTC), down 19 cents to $21.13; Microsoft ( MSFT), up 15 cents to $28.53; Cisco ( CSCO), up 43 cents to $19.53; and Oracle ( ORCL), up 3 cents to $12.24.