Updated from 12:14 p.m.

Shares of Jacada ( JCDA) were among technology's winners Wednesday, rising 27.6% after the company said a large telecom provider signed an enterprise license agreement worth several million dollars.

Jacada, a business software provider, said the agreement would not materially affect first-quarter results. The unidentified telecom company plans to implement Jacada's Fusion product into its call centers, which will help the telecom improve productivity and efficiency. Jacada said the telecom provider chose it after a successful pilot program that was initiated during the fourth quarter of 2004. Shares traded up 55 cents to $2.54.

SkillSoft ( SKIL) rose 9.8% after the company posted fourth-quarter earnings that were better than expected. Excluding items, the company earned 6 cents a share on sales of $56.4 million. Analysts polled by Thomson First Call expected earnings of 3 cents a share on sales of $56.4 million. A year ago, the company earned 25 cents a share on sales of $54.8 million. Looking ahead, the maker of Internet-based employee training courses expects fiscal 2006 earnings of $8 million to $13 million, or 8 cents to 12 cents a share, on sales of $200 million to $206 million. Analysts are expecting earnings of 14 cents a share on sales of $201.6 million. Shares traded up 32 cents to $3.60.

Shares of Network Equipment Technologies ( NWK) fell 14.5% after the company said it expects to post a fourth-quarter loss on lower-than-expected sales. The networking equipment company expects a loss of 15 cents to 20 cents a share on sales of $23 million to $24 million. Previously, the company said it would post sales of $28 million to $32 million. Analysts are expecting earnings of 2 cents a share on sales of $30.8 million. Shares traded down 99 cents to $5.83.

PC Connection ( PCCC), a seller of computer products, fell 6.4% after the company cut its first-quarter earnings and sales outlook. It now expects to post earnings of 3 cents to 5 cents a share on sales of $320 million to $325 million. Previously, it forecast earnings of 9 cents to 12 cents a share on sales of $335 million to $350 million. Analysts had been expecting earnings of 11 cents a share on sales of $340.4 million. The company blamed the shortfall on "general softness in demand." Shares traded down 41 cents to $6.05.

Shares of Lexar Media ( LEXR) fell 2.1% after the company said that it would sell $60 million worth of senior convertible notes due 2010 to two institutional buyers. The private placement is expected to close on March 30. The company also granted buyers an option to purchase up to $10 million in additional notes at the same price on or before the 60th day after the closing date of the transaction. The notes will bear an interest rate of 5.625%. Lexar plans to use the proceeds for working capital and general corporate purposes. Shares traded down 11 cents to $5.03.

Other technology movers included Intel ( INTC), up 34 cents to $23.49; Microsoft ( MSFT), up 24 cents to $24.16; Sirius Satellite Radio ( SIRI), up 29 cents to $5.67; Cisco Systems ( CSCO), up 28 cents to $18.03; Hewlett-Packard ( HPQ), up 22 cents to $22; Oracle ( ORCL), up 20 cents to $12.48; Applied Materials ( AMAT), up 33 cents to $16.64; and Lucent Technologies ( LU), up 7 cents to $2.79.

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