Shares of Lipman Electronic Engineering ( LPMA) were among technology's losers Wednesday, falling 23% after the company slashed its 2005 guidance.

The maker of electronic payment systems now expects adjusted earnings of $1.08 to $1.18 a share on sales of $230 million to $240 million. Previously, the company said that it would post adjusted earnings of $1.59 to $1.62 a share on sales of $273 million to $285 million. Analysts polled by Thomson First Call had been expecting earnings of $1.60 a share on sales of $274.5 million.

Lipman blamed the shortfall on weaker-than-expected performance at its Dione subsidiary, which was acquired in October 2004. "We are disappointed with the performance of Dione in the second half of 2005 in which certain large orders that were expected did not materialize," Lipman said.

Lipman also announced that it fired Shaun Gray, Dione's chief executive, effective immediately. Ricky Garrido, Dione's founder and chief technology officer, will serve as interim CEO until a permanent replacement is found. Shares were recently trading down $6.03 to $20.16.

Intuit ( INTU) rose 1% after the software company reaffirmed its fiscal 2006 guidance. The maker of Quicken and TurboTax continues to expect pro forma earnings of $2.19 to $2.29 a share. Including items, the company expects earnings of $1.86 to $1.96 a share. Analysts are expecting pro forma earnings of $2.27 a share. Sales, meanwhile, are still expected to come in at $2.18 billion to $2.24 billion. Analysts project sales of $2.22 billion. Shares were trading up 38 cents to $45.12.

Shares of Euronet Worldwide ( EEFT) fell 2% after the company confirmed its third-quarter guidance for earnings of 24 cents a share, which is a penny more than it earned during the second quarter. The electronic payments provider's guidance is in line with analysts' expectations of 24 cents a share.

Separately, the company said it would sell $125 million in unsecured convertible debentures due 2025. Euronet plans to use the proceeds from the offering to fund general corporate purposes, including share repurchases, acquisitions of non-U.S. entities or other strategic investments. Shares were trading down 71 cents to $29.30.

Intergraph ( INGR) said on Wednesday that it reached a patent agreement with Fujitsu. As part of the deal, Fujitsu will make an upfront payment of $9.75 million to Intergraph. Intergraph expects to realize income from the payment during the third quarter. For its part, meanwhile, Fujitsu will receive a fully paid-up worldwide license to certain Intergraph Clipper patents that will be used in specified Fujitsu products. "This license with Fujitsu demonstrates our commitment to realize value from our intellectual property," Intergraph said in a statement. Shares were recently trading down 25 cents to $44.42.

Shares of Manugistics ( MANU) fell 8% after the software company posted mixed second-quarter results. The company reported a loss of $6.1 million, or 7 cents a share, on sales of $43.6 million. Excluding items, the company posted a loss of $217,000, or break even on a per-share basis. Analysts were expecting a loss of a penny a share on sales of $45.5 million. Last year, the company reported a second-quarter loss of $17.1 million, or 21 cents a share, on sales of $51.3 million. Excluding items, the company would have reported a loss of $5.6 million, or 7 cents a share, a year ago. Shares were trading down 17 cents to $1.86.

Other technology movers included Lucent Technologies ( LU), up 9 cents to $3.19; JDSU ( JDSU), down 2 cents to $2.16; Sirius Satellite Radio ( SIRI), down 22 cents to $6.29; Microsoft ( MSFT), up 30 cents to $25.64; Intel ( INTC), up 22 cents to $24.05; Ciena ( CIEN), up 22 cents to $2.66; Cisco ( CSCO), up 11 cents to $17.83; Oracle ( ORCL), down 11 cents to $12.22; Apple Computer ( AAPL), down $1.45 to $51.99; and Sun Microsystems ( SUNW), up 3 cents to $3.85.

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