Shares of Sohu.com ( SOHU) were among technology's winners Tuesday, jumping 15% after the Chinese Internet portal company posted better-than-expected fourth-quarter results.

The company earned $8.9 million, or 23 cents a share, on sales of $30.5 million. Analysts surveyed by Thomson First Call expected earnings of 21 cents a share and sales of $29.3 million. During the year-earlier period, the company earned $6.5 million, or 17 cents a share, on sales of $24.1 million.

Looking ahead, Sohu sees first-quarter earnings of 14 cents to 16 cents a share, including stock-based compensation costs and a tax expense of 5 cents to 6 cents a share. Analysts project earnings of 19 cents a share. The company projects sales of $28 million to $30 million, in line with Wall Street's projection of $29.2 million. Shares were trading up $2.86 to $22.16.

Raindance Communications ( RNDC) jumped 30% after the Internet services company agreed to be acquired by West Corp. ( WSTC) for about $110 million, or $2.70 a share in cash. The price represents a 33% premium over Raindance's closing price of $2.03 on Monday. The acquisition, projected to close by the end of the second quarter, is expected to be slightly accretive to West's 2006 earnings. Shares of Raindance were trading up 61 cents to $2.64, while shares of West were trading up $1.37, or 3.3%, to $42.76.

Conexant Systems ( CNXT) shares tumbled 20% after the company said a New Jersey jury ruled against it in a patent infringement case vs. Texas Instruments ( TXN) and Stanford University. The jury found that Conexant's GlobespanVirata unit willfully infringed three patents related to asymmetric digital subscriber line technology. Conexant said the jury awarded $112 million in damages to Texas Instruments, which the judge has the authority to enhance. No payments are required to be made until after a second phase of the trial, scheduled for October. Conexant shares were down 68 cents to $2.68. Texas Instruments was down 21 cents to $30.33.

Shares of Benchmark Electronics ( BHE) rose 5% after the contract electronics manufacturer posted fourth-quarter results that topped forecasts. The company earned $24.7 million, or 57 cents a share, on sales of $625.4 million. Analysts expected earnings of 52 cents a share and sales of $605.4 million. During the year-earlier period, the company earned $20.2 million, or 47 cents a share, on sales of $524.2 million.

Looking ahead, Benchmark sees adjusted first-quarter earnings, which excludes charges and stock-based compensation costs, of 50 cents to 54 cents a share. The company forecasts first-quarter sales of $590 million to $615 million. Analysts project earnings of 49 cents a share and sales of $585.2 million. For all of 2006, the company sees adjusted earnings of $2.11 to $2.17 a share, with sales of $2.47 billion to $2.54 billion. Analysts project earnings of $2.10 a share on sales of $2.48 billion. Shares were trading up $1.69 to $37.70.

Vishay Intertechnology ( VSH) traded actively after the company posted better-than-expected fourth-quarter results. The chipmaker earned $26.9 million, or 14 cents a share, reversing a year-earlier loss of $54.5 million, or 33 cents a share. Excluding items, the company earned 17 cents a share, beating Wall Street's target by a penny. A year earlier, the company posted a profit of 1 cent a share, excluding items. Meanwhile, fourth-quarter sales rose to $593.7 million from $542.7 million a year earlier, above analysts' estimate of $582.5 million.

Looking ahead, Vishay sees first-quarter sales of $600 million to $620 million, ahead of the $585.5 million that analysts project. Shares were trading down 34 cents, or 2%, to $15.85.

Shares of White Electronic Designs ( WEDC) fell modestly after the company posted in-line first-quarter earnings. The maker of electronic components earned $800,000, or 3 cents a share, on sales of $24.9 million. Analysts expected earnings of 3 cents a share on sales of $24 million. During the year-ago quarter, the company earned $1.2 million, or 5 cents a share, on sales of $28.9 million. Shares were trading down 8 cents to $5.75.

Other technology movers included Intel ( INTC), up 10 cents to $20.71; Cisco ( CSCO), up 32 cents to $18.15; Apple Computer ( AAPL), up 68 cents to $67.98; Sirius Satellite Radio ( SIRI), up 12 cents to $5.61; Sun Microsystems ( SUNW), down 8 cents to $4.28; Microsoft ( MSFT), down 18 cents to $26.99; Oracle ( ORCL), up 10 cents to $12.35; Motorola ( MOT), up 70 cents to $21.23; and Lucent Technologies ( LU), down 3 cents to $2.67.

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