Shares of Vyyo ( VYYO) were among technology's winners Monday, climbing 14% after Needham raised its rating on the wireless broadband company to buy from underperform and slapped a $10 price tag on the shares.

In a research note, Needham analyst Anton Wahlman said the $10 target is based on projected 2007 sales of $84 million, which is up from the firm's earlier estimate of $64.7 million.

"There are numerous reasons why we choose this point in time to upgrade Vyyo to a 12-month buy rating. We believe the most important long-term factor is the increasing pressure that we believe will be put on the cable TV operators by several types of competitive carriers, most importantly the traditional telephone companies, and of them most importantly Verizon's Fiber-To-The-Home project, which is now in full swing and saw its first TV offerings start in late September," Wahlman said. "Under this scenario, cable TV operators will have to respond by creating more downstream and upstream bandwidth alike." Vyyo shares recently were trading up 71 cents to $5.69.

Ceragon Networks ( CRNT) slumped 12% after the broadband wireless-network equipment maker said it plans to write down $6.7 million to $7.2 million in inventory during the fourth quarter. Ceragon said the writedown is related to the elimination of its FibeAir 1500 product line, which is being replaced by the new FibeAir 1500P series. The elimination of the FibeAir 1500 will take place over the next two to three quarters, the Israeli company said. Ceragon also plans to record a $300,000 charge during the fourth quarter and first half of 2006, which is related to personnel termination expenses and a writedown of assets related to the assembly facilities used for the FibeAir 1500. Shares were trading down 48 cents to $3.49.

Shares of ( NTES) fell 5% after the company said William Lei Ding, its founder, will become chief executive. Ding succeeds Ted Sun, who passed away in September. Chief Financial Officer Denny Lee and Chief Operating Officer Michael Tong previously had assumed Sun's responsibilities. "On behalf of our board of directors, we are delighted to have William take the leadership reins of NetEase to continue its strong momentum in online services, particularly in the development of online games for which William has been a strategic visionary and driving force," NetEase said. Shares were down $3.12 to $57.88.

Camtek ( CAMT) rose 9% after the Israeli company said it received new orders totaling $5.3 million. The orders, placed by an unnamed customer, are for the company's Falcon system, an inspection tool used by the semiconductor industry. The systems will be used at the customer's assembly and packaging lines in Singapore and in U.S. facilities, where the systems will be used to inspect wafers of up to 300 millimeters after they have been diced. Camtek expects to recognize sales from the orders during the next two quarters. "This is the largest value of orders Camtek has ever received from a single customer within one quarter," the company said. "We are very pleased with it, in particular because of the broad implementation of our systems across several plants." Shares were trading up 26 cents to $3.84.

Shares of Conexant Systems ( CNXT) rose 6% after the chipmaker said LG Electronics has incorporated a Conexant satellite set-top box demodulator and tuner into its new high-definition television receiver. "The early availability of their standards-compliant solution allowed us to be the first in the world to bring an advanced high-definition-based set-top box to market," LG said. LG's set-top box is being used by DirecTV ( DTV) in the U.S. Conexant shares were trading up 14 cents to $2.50.

Other technology movers included Intel ( INTC), up 18 cents to $26.99; Microsoft ( MSFT), down 6 cents to $27.70; Apple Computer ( AAPL), up 51 cents to $69.85; Cisco ( CSCO), down 3 cents to $17.52; Sirius Satellite Radio ( SIRI), down 11 cents to $7.02; Lucent Technologies ( LU), down 3 cents to $2.86; JDSU ( JDSU), down 2 cents to $2.40; Oracle ( ORCL), down 9 cents to $12.52; and Sun Microsystems ( SUNW), down 4 cents to $3.86.