Updated from 1:10 p.m. EDTShares of E-Loan ( EELN) were among technology's winners Monday, rising 13.4% after the company announced that it would begin offering consumer financing for cars and motorcycles bought on eBay ( EBAY). eBay Motors did about $11.1 billion in worldwide gross merchandise sales during 2004. Shares of E-Loan traded up 40 cents to $3.38. Mercury Interactive ( MERQ) rose 12.1% after the business software company previewed fourth-quarter earnings and sales that topped forecasts. Excluding items, the company expects earnings of 40 cents to 42 cents a share on sales of $203 million to $205 million. Analysts surveyed by Thomson First Call were expecting earnings of 34 cents a share on sales of $190.7 million. Mercury plans to report its full fourth-quarter results on Feb. 2; it will provide a first-quarter outlook at that time. Shares traded up $4.54 to $42.17. Shares of Travelzoo ( TZOO) fell 24.6% after the company announced an SEC inquiry into trading by company employees. The online travel publisher also reported earnings that were reduced by nearly $1 million by unexpected payouts to customers who took part in a 1998 promotional giveaway. On a conference call, Travelzoo said the SEC inquiry is probably the result of a rally that took its shares up more than 1,000% in 2004. Still, Travelzoo said it provided information about transactions by its officers, directors and employees. Shares traded down $18.05 to $55.33. Equant ( ENT) rose 15.7% after France Telecom offered to buy the shares of the company it doesn't already own. France Telecom will offer Equant shareholders 564 million euros, or $737 million, for the remaining 46% of the company it hasn't already purchased. Equant's board has appointed a special committee of three independent directors to evaluate the offer, the company said. Shares traded up 75 cents to $5.53.
Shares of Autodesk ( ADSK) fell 11.9% after Banc of America downgraded the stock to sell from neutral. The firm cited slowing relative sales growth as its reason for the downgrade. During the company's third quarter, sales rose 28% to $300 million, up from $234 million during the previous year's third quarter. Banc of America also lowered its price target on the stock to $25, down from $31. Shares of Autodesk soared during 2004, rising more than 210%, as its stock climbed from $12.23 to $37.25. In just the first three weeks of January, however, the company has given back almost 29% of its value. Shares traded down $3.74 to $27.58. Other technology movers included Intel ( INTC), down 43 cents to $21.99; Sirius Satellite Radio ( SIRI), up 26 cents to $6.09; Cisco ( CSCO), down 26 cents to $17.75; Microsoft ( MSFT), up 2 cents to $25.67; Sun Microsystems ( SUNW), down 8 cents to $4.09; Lucent ( LU), down 6 cents to $3.21; and Applied Materials ( AMAT), down 42 cents to $15.17.