Updated from 12:11 p.m. ESTShares of Innodata Isogen ( INOD) were among technology's losers Wednesday, falling 26.1% after the company warned that fourth-quarter earnings results would fall below expectations. The information management company said that earnings would be hurt by tax regulations that are expected to shave 1 cent to 2 cents from earnings during the quarter. As a result, the company forecast fourth-quarter earnings of 5 cents to 6 cents a share on sales of $13.3 million to $13.6 million. Analysts polled by Thomson First Call had been expecting earnings of 9 cents a share on sales of $14.3 million. Separately, Innodata announced a 7.5 million-shares offering, of which existing shareholders will sell 3.25 million shares. Shares traded down $2.42 to $6.87. Input/Output ( IO) fell 17% after the company warned that fourth-quarter earnings would be well below the low end of its previous earnings guidance. In October the company said it would earn between 8 cents and 14 cents a share. Input/Output blamed the shortfall on two transactions that didn't close during the quarter. The deals were in the company's original forecast and amounted to 10 cents a share in earnings and $10 million in sales. Analysts had been expecting earnings of 10 cents a share on sales of $88 million. Looking ahead, Input/Output forecast 2005 earnings of 15 cents to 40 cents a share. Analysts are expecting 41 cents a share. Shares traded down $1.41 to $6.90. Shares of Xilinx ( XLNX) fell 3.2% after the chipmaker lowered its third-quarter sales guidance. The company now expects a sequential decline of 11% to 12% during the quarter, instead of a drop of 5% to 8%, which it had originally forecast. The new forecast implies sales of $354.9 million to $358.9 million. Analysts had been expecting sales of $378.4 million. Xilinx said the lowered outlook was the result of "weaker-than-expected turns
LSI Logic ( LSI) rose 14.1% after the company raised its fourth-quarter sales outlook and said that it expects to turn a profit instead of post a loss. The chipmaker now expects sales of $415 million to $420 million, up significantly from its previous guidance of $360 million to $390 million. Excluding items, LSI now expects to post a fourth-quarter profit of 1 cent to 3 cents a share, compared with its previous guidance of a loss of 2 cents to 5 cents a share. "The growth of our storage and consumer businesses in the fourth quarter serves as a positive indicator that the inventory correction in the supply chain is substantially over in these two markets," the company said. Shares traded up 71 cents to $5.73. Shares of Superconductor Technologies ( SCON) fell 16.5% after the semiconductor-products maker lowered its fourth-quarter sales outlook. The company now expects sales of $4.1 million, down from its previous guidance of $8 million to $10 million. Analysts had been expecting sales of $8 million. The company blamed the disappointing outlook on delayed orders from government and commercial customers. During the third quarter, Semiconductor Technologies posted sales of $7.3 million. Shares traded down 22 cents to $1.11. Other technology movers included Sirius Satellite Radio ( SIRI), up 9 cents to $7.60; Intel ( INTC), down 20 cents to $22.41; Microsoft ( MSFT), down 5 cents to $26.79; Cisco ( CSCO), down 1 cent to $18.55; Sun Microsystems ( SUNW), up 6 cents to $4.69; and Lucent ( LU), down 8 cents to $3.64.