Shares of Mamma.com ( MAMA) were among technology's losers Monday, slumping 17% after the Internet search-engine company posted disappointing fourth-quarter and full-year results. The company said its fourth-quarter loss from continuing operations widened to $739,711, or 6 cents a share, from $462,582, or 4 cents a share, a year earlier. Revenue sank to $1.7 million from $3.4 million. For the year, Mamma.com posted a loss from continuing operations of $3.3 million, or 27 cents a share, on revenue of $9.5 million. In 2004, the company recorded a profit of $370,753, or 3 cents a share, on revenue of $14.6 million. "Following a good year in 2004, 2005 was disappointing, as it was a year in which the industry had to compete fiercely for clicks and impressions of high quality," Mamma.com said. "The fourth quarter was particularly disappointing because of a significant decline in revenues due to the loss of several salespeople and a network manager." Shares were trading down 42 cents to $2.12. Shares of Corning ( GLW) were higher after the company affirmed its first-quarter guidance and raised its forecast for industry growth in the LCD TV market. The company now sees 2006 LCD TV penetration of 18% to 19%, up from the company's earlier view of 17%. The company expects penetration of 28% to 30% during 2007, up from its earlier view of about 25%. For the first quarter, Corning continues to project earnings of 21 cents to 23 cents a share and sales of $1.2 billion to $1.25 billion. Shares were up 22 cents to $25.48. CACI International ( CAI) shares rose 2% after the information-technology company received government contracts worth about $157 million. The previously unannounced contracts call for the company to support federal-government customers in the national security and intelligence communities. "CACI continues to broaden the capabilities we offer our customers in the national security and intelligence communities," the company said. Shares gained $1.11 to $62.85.
Broadwing ( BWNG) rose 2% after the company said it plans to sell 7.4 million shares in a private placement for $10 a share, a discount of about 18% from Friday's closing price of $12.21. The data communications-services company will receive net proceeds of about $70.1 million, which will be used to fund general needs. Broadwing shares were up 28 cents to $12.49. Shares of Symbol Technologies ( SBL) rose 1% after a federal court ordered Metrologic Instruments ( MTLG) to pay Symbol $14.8 million in past-due royalties and interest related to a licensing dispute. Symbol Technologies claimed that Metrologic refused to pay certain fees required under a licensing agreement between the two companies. Shares of Symbol Technologies were trading up 11 cents to $10.76, while shares of Metrologic Instruments fell 16 cents to $21.85. Other technology movers included Intel ( INTC), down 6 cents to $19.79; Finisar ( FNSR), up 62 cents to $4.89; Cisco Systems ( CSCO), up 3 cents to $20.85; Apple Computer ( AAPL), up $2.32 to $65.51; JDSU ( JDSU), up 6 cents to $3.76; Sirius Satellite Radio ( SIRI), down 9 cents to $4.69; Microsoft ( MSFT), down 17 cents to $27; Sun Microsystems ( SUNW), down 5 cents to $4.53; Applied Materials ( AMAT), up 14 cents to $17.93; Oracle ( ORCL), down 2 cents to $12.88; Advanced Micro Devices ( AMD), down $2.49 to $34.14; Motorola ( MOT), down 34 cents to $20.50; Nortel Networks ( NT), down 6 cents to $2.96; and Lucent Technologies ( LU), up 1 cent to $2.84.