Shares of Sycamore Networks ( SCMR) were among technology's winners Tuesday, climbing 10% after the network-equipment maker posted first-quarter results that easily topped Wall Street forecasts. For the quarter ended Oct. 29, the company earned $6.9 million, or 2 cents a share, on sales of $27.3 million. Excluding stock compensation costs, Sycamore earned $8.3 million, or 3 cents a share. Analysts polled by Thomson First Call expected a profit of a penny a share, before items, on sales of $16.8 million. A year ago, the company posted a loss, excluding stock compensation costs, of $7.2 million, or 3 cents a share, on sales of $14.2 million. Shares were trading up 38 cents to $4.18. Western Digital ( WDC - Get Report) rose 2% after the disk-drive maker boosted its second-quarter earnings and sales guidance. The company now sees earnings of 36 cents to 39 cents a share for the quarter ending Dec. 30, up from an earlier view of 33 cents to 36 cents a share. The earnings estimate excludes stock-based compensation expenses. Western Digital also raised its sales forecast to a range of $1.04 billion to $1.075 billion from its previous view of $1.025 billion to $1.075 billion. Analysts expected earnings of 35 cents a share and sales of $1.057 billion. Western Digital said that pricing has been better than expected in all segments of its business, leading to improved gross margins. Shares recently traded up 24 cents to $14.74. Shares of Motive slumped 13% after the software company warned that 2006 results would be below Wall Street forecasts. The company sees a 2006 pro forma loss of 20 cents to 30 cents a share on "core" revenue of $55 million to $60 million. Motive expects total revenue to range from $58 million to $63 million. Analysts expect a smaller loss of 15 cents a share, with revenue of $74.8 million. Shares were trading down 45 cents to $3.08.
SkillSoft rose 2% after the company posted third-quarter results that were better than Wall Street's expectation. The maker of Internet-based employee training courses earned $5.7 million, or 6 cents a share, on sales of $53.9 million. Results included noncash charges of $6.4 million. Analysts expected earnings of 3 cents a share and sales of $52.2 million. Last year, the company earned $4.1 million, or 4 cents a share, on sales of $52.5 million, for the third quarter. SkillSoft sees fourth-quarter earnings of $3 million to $5 million, or 3 cents to 5 cents a share. Analysts, on average, predict earnings of 4 cents a share. The company forecast sales of $52.2 million to $54 million, in line with analysts' prediction of $53.9 million. SkillSoft shares were up 12 cents to $5.09. Shares of NCI ( NCIT) rose 2% after the information technology services company received a U.S. Army contract that could be worth as much as $804 million. The contract calls for the company to provide information systems engineering and IT support to the Army's information systems engineering command and other federal agencies. The contract covers a five-year period of performance, containing a base year and four one-year option periods. NCI shares rose 25 cents to $12.25. Other technology movers included Sun Microsystems ( SUNW - Get Report), up 2 cents to $3.94; JDSU ( JDSU), up 1 cent to $2.38; Cisco ( CSCO), up 28 cents to $17.76; Microsoft ( MSFT), up 1 cent to $27.76; Intel ( INTC), up 3 cents to $26.89; Sirius Satellite Radio ( SIRI), up 11 cents to $7.11; Apple Computer ( AAPL), down $1.19 to $68.47; Nortel Networks , down 3 cents to $2.89; Motorola ( MOT), up 16 cents to $24.24; and Lucent Technologies , down 4 cents to $2.84.