Shares of Intervoice ( INTV) were among technology's losers Thursday, falling 10% after the company posted mixed second-quarter results and forecast third-quarter sales below Wall Street expectations. The provider of data and voice solutions earned $4.6 million, or 12 cents a share, on sales of $43.3 million. Results were helped by a $1 million tax-expense adjustment. Analysts polled by Thomson First Call were expecting earnings of 9 cents a share on sales of $44 million. A year ago the company earned $5.1 million, or 13 cents a share, on sales of $44.3 million. Looking ahead, Intervoice forecast third-quarter sales of $40 million to $45 million. Analysts had been expecting sales of $46.7 million. Shares were trading down 90 cents to $8.57. Cognos ( COGN) fell 3% after the company reported second-quarter earnings that beat expectations but forecast third-quarter earnings that would be below expectations. The software company reported second-quarter earnings of $28.7 million, or 31 cents a share, on sales of $212 million. Analysts were expecting earnings of 30 cents a share on sales of $212.7 million. A year ago the company earned $27.6 million, or 30 cents a share, on sales of $18.5.2 million. Looking ahead, Cognos forecast third-quarter earnings of 36 cents to 39 cents a share on sales of $230 million to $237 million. Analysts had been expecting earnings of 40 cents a share on sales of $235.4 million. Shares were trading down $1.27 to $37.75. Shares of Comtech Telecommunications ( CMTL) rose 4% after the company posted fourth-quarter results that easily outpaced expectations. The telecom-equipment maker earned $11 million, or 42 cents a share, on sales of $98.3 million. Analysts were expecting earnings of 34 cents a share on sales of $83 million. A year ago the company earned $6.1 million, or 25 cents a share, on sales of $59.1 million. Shares were trading up $1.62 to $38.90.
Taser International ( TASR) rose 2% after the company said that a respiratory study indicated that subjects were able to breathe during a 15-second exposure to the company's Taser X26 stun gun. The study, which is being conducted by a teaching hospital in the Midwest and partially funded by Taser International, used a Food and Drug Administration-approved pulmonary function measurement device to measure breathing ability in subjects who received three five-second discharges with a one-second break in between each five-second cycle. A majority of subjects exhibited higher breathing rates and volume during the stun exposure than at resting state, the company said. "The results from this study should be extremely helpful in addressing concerns related to the effects of prolonged or multiple exposures to stun devices," Taser said. Shares were trading up 16 cents to $7.30. Shares of Standard Microsystems ( SMSC) rose 16% after the chipmaker posted second-quarter results that topped forecasts and predicted third-quarter results would easily exceed estimates. The company reported earnings of $19,000, or break-even, on sales of $79.1 million. Excluding items, the company would have earned $5.3 million, or 25 cents a share. Analysts were expecting earnings of 18 cents a share on sales of $75.6 million. A year ago the company earned $895,000, or 5 cents a share, on sales of $50.2 million. Excluding items, the company would have earned $1.1 million, or 6 cents a share, a year ago. Looking ahead, Standard Microsystems forecast pro forma third-quarter earnings of 31 cents to 37 cents a share on sales of $81 million to $86 million. Analysts had been expecting earnings of 21 cents a share on sales of $77.1 million. Shares were trading up $3.91 to $28.68. Other technology movers included Microsoft ( MSFT), down 32 cents to $25.17; Sun Microsystems ( SUNW), down 7 cents to $3.87; Lucent Technologies ( LU), down 3 cents to $3.02; Intel ( INTC), unchanged at $24.50; Cisco ( CSCO), down 10 cents to $17.75; Oracle ( ORCL), down 3 cents to $13.26; Sirius Satellite Radio ( SIRI), down 6 cents to $6.53; Yahoo! ( YHOO), up 5 cents to $32.02; and Dell ( DELL), up 33 cents to $33.69.