,P/>Updated from 12:25 p.m.Shares of SkillSoft ( SKIL) were among technology's winners Thursday, rising 6% after the company posted first-quarter results that were better than expected. The maker of Internet-based employee training courses earned $2.5 million, or 2 cents a share, on sales of $53.3 million. Results included restatement and restructuring charges of about $1 million, or 1 cent a share. The quarter also included a loss of 1 cent a share, which was related to company's SmartCertify asset sale. Analysts surveyed by Thomson First Call were expecting a profit of 1 cent a share on sales of $49.6 million. Looking ahead, SkillSoft forecast second-quarter earnings of $1 million to $2 million, or 1 cent to 2 cents a share, on sales of $49 million to $51 million. Analysts are expecting earnings of 2 cents a share on sales of $47.9 million. Shares traded up 21 cents to $3.72. Intervoice ( INTV) traded actively after the company cut its first-quarter sales outlook. The data solutions company now expects sales of $41 million to $44 million, down from previous guidance, given in April, of $45 million to $49 million. Analysts are expecting sales of $47.1 million. During last year's first quarter, the company posted sales of $41.9 million. "The reasons for our change in revenue expectations include unanticipated delays in the receipt of several significant orders and the completion of several high-value projects," the company said. Shares traded up 7 cents to $8.82. Shares of Storage Technology ( STK) rose 16.4% after the company agreed to be acquired by Sun Microsystems ( SUNW) for $4.1 billion in cash. The deal values Storage Tek at $37 a share, representing a premium of 18% over Wednesday's closing price of $31.23. The two companies posted combined sales of more than $13 billion over the past four quarters. The transaction, expected to close during the late summer or early fall of 2005, will be accretive to Sun's earnings in the first 12 months following the closing of the deal. Shares traded up $5.13 to $36.36 while shares of Sun Microsystems traded down 11 cents to $3.79.
Cray ( CRAYE) rose 6% after the company said its shares would not be delisted by Nasdaq. The maker of supercomputers, which had previously received a notice of delisting from Nasdaq officials, said that upon further review Nasdaq reversed its earlier decision and determined that Cray complied with the necessary requirements for continued listing. Effective June 3, shares will trade under their original trading symbol of CRAY. Shares traded up 10 cents to $1.76. Shares of Ingram Micro ( IM) fell modestly after the computer-products distributor reaffirmed its second-quarter guidance. The company continues to expect earnings of $41 million to $46 million, or 25 cents to 28 cents a share, on sales of $6.7 billion to $6.9 billion. Analysts are expecting earnings of 27 cents a share on sales of $6.78 billion. The company, which provided the guidance ahead of an upcoming investor conference, said it was pleased to confirm its guidance "despite reports of economic softness in certain European markets and continuing competition in North America." Shares traded down 10 cents to $15.74. Other technology movers included Intel ( INTC), up 30 cents to $27.59; Sirius Satellite Radio ( SIRI), up 7 cents to $6; Cisco Systems ( CSCO), up 24 cents to $19.88; Ciena ( CIEN), down 4 cents to $2.41; Oracle ( ORCL), up 13 cents to $12.98; Microsoft ( MSFT), down 2 cents to $25.79; Nortel Networks ( NT), down 3 cents to $2.76; and Lucent Technologies ( LU), unchanged at $2.81.