Updated from 12:40 p.m. Shares of Innodata Isogen ( INOD) were among technology's losers Wednesday, falling 35.5% after the company postponed its planned sale of 7.5 million shares. The information management company "postponed the offering because a significant client informed the company late Monday afternoon that the client would not complete one of several projects, reducing the company's expected revenue from the client by approximately $1.2 million in the first quarter of 2005 and $2.8 million in the second quarter," it said. Of the 7.5 million shares being sold, 4.25 million were expected to come directly from the company. Innodata said the proceeds from the deal could have helped its growth and increased its market following, but "we want our offering to be done under the right conditions," it said. The company will re-evaluate the deal in March when it announces fourth-quarter earnings. Shares traded down $2.50 to $4.55. InfoSpace ( INSP) jumped 25.6% after the company posted fourth-quarter earnings and sales that easily outpaced analysts' expectations. The Internet search company earned $18.9 million, or 50 cents a share, on sales of $79.7 million. Analysts were expecting earnings of 40 cents a share on sales of $74.9 million. Looking ahead, InfoSpace expects first-quarter earnings of 34 cents to 35 cents a share, which includes an expense of 9 cents a share, on sales of $84 million to $86 million. Analysts are expecting earnings of 40 cents a share on sales of $79.1 million. Shares traded up $9.53 to $46.80. Shares of Compuware ( CPWR) climbed 22.4% after the company turned in third-quarter earnings and sales that beat expectations. The software maker earned $41.7 million, or 11 cents a share, on sales of $330.5 million. Analysts were expecting earnings of 6 cents a share on sales of $319.7 million. A year ago the company earned $21.8 million, or 6 cents a share, on sales of $318.2 million. Shares traded up $1.27 to $6.94.
Lexar Media ( LEXR) fell 34.7% after the company previewed dismal fourth-quarter earnings. The maker of flash memory cards expects to post a loss of $34 million to $38 million, or 44 cents to 48 cents a share, on sales of $255 million to $260 million. Previously, Lexar had forecast a profit of 1 cent to 4 cents a share on sales of $230 million. "Despite better-than-expected demand and sales of Lexar products during the holiday season, gross margins were negatively impacted primarily due to greater-than-anticipated price reductions and price protection obligations," the company said. Analysts had been expecting earnings of 2 cents a share on sales of $228.4 million. Lexar will report its full results on Feb. 3. Shares traded down $2.21 to $4.16. Shares of SigmaTel ( SGTL) jumped 16.3% on heavy volume after the company posted fourth-quarter earnings and sales above expectations and said that Wall Street could expect more of the same during the first quarter. The company, which makes integrated circuits for a variety of consumer electronics products -- including MP3 players -- posted pro forma earnings of $21 million, or 56 cents a share, on sales of $78.6 million. Analysts were expecting earnings of 42 cents a share on sales of $63.9 million. Looking ahead, SigmaTel said it expects first-quarter earnings of $14.9 million to $16.6 million, or 39 cents to 44 cents a share, on sales of $76 million to $83 million. Analysts had been expecting earnings of 25 cents a share on sales of $53.7 million. Shares traded up $5.53 to $39.43. Shares of Ametek ( AME) rose 7.4% after the company posted fourth-quarter earnings and sales that topped expectations. The electronics instruments maker earned $31.4 million, or 45 cents a share, on sales of $326.3 million. Analysts were expecting earnings of 44 cents a share on sales of $320 million. Earnings benefited from a better product mix while sales were helped by internal growth in each of the company's business segments and by contributions from acquired businesses. Looking ahead, Ametek expects first-quarter earnings of 43 cents to 45 cents a share, in line with expectations. Sales are expected to grow by low double digits. Shares traded up $2.59 to $37.40. Other technology movers included Sirius Satellite Radio ( SIRI), down 6 cents to $6.18; Oracle ( ORCL), up 3 cents to $13.62; Cisco ( CSCO), up 18 cents to $17.69; Intel ( INTC), up 16 cents to $22.42; Microsoft ( MSFT), down 1 cent to $26.01; Lucent ( LU), up 14 cents to $3.27; and Applied Materials ( AMAT), up 47 cents to $16.12.