Shares of SeaChange International ( SEAC) were among technology's losers Wednesday, slumping 12% after the digital video systems company posted fourth-quarter results that were below expectations. The company posted a loss of $2.9 million, or 10 cents a share, on sales of $33.2 million. Analysts surveyed by Thomson First Call expected a loss of 6 cents a share on sales of $34.8 million. During the year-earlier period, the company reported a loss of $2.2 million, or 8 cents a share, on sales of $30 million. Looking ahead, the company said that it is optimistic about fiscal 2007. "With the changes in our business and the changes in the market, we are confident that the upward trend we're seeing will continue as we look out to fiscal year 2007. We expect revenues to be significantly higher in fiscal '07 which will return the company to positive cash flow generation," the company said. Shares were trading down $1.02 to $7.29. Lexar Media ( LEXR) traded actively after the maker of flash-memory products posted mixed fourth-quarter results. The company reported a loss of $23.8 million, or 29 cents a share, on revenue of $239.1 million. Analysts expected a smaller loss of 16 cents a share on revenue of $235.8 million. The company, which recently agreed to be acquired by Micron Technology ( MU), posted a loss of $63.3 million, or 80 cents a share, on revenue of $188.5 million during the year-earlier quarter. Shares were recently trading up 11 cents to $8.81. Shares of Scientific Technologies ( STIZ) soared 21% after the company swung to a fourth-quarter profit and posted a 25% increase in sales. The company posted earnings of $1.2 million, or 12 cents a share, on sales of $16.9 million. During the year-earlier period, the company reported a loss of $4.8 million, or 50 cents a share, on sales of $13.5 million. Results during the year-earlier quarter included an asset impairment charge of $4.8 million and a commission expense of about $600,000 that was part of a legal settlement with a former sales representative. Shares were trading up $1.55 to $8.60.
Wireless Facilities ( WFII) slumped 12% after the wireless infrastructure company posted fourth-quarter results that fell below Wall Street forecasts. The company reported a loss of $3.4 million, or 5 cents a share, on revenue of $94.8 million. Excluding items, the company posted earnings from continuing operations of $1.9 million, or 3 cents a share. Analysts expected earnings of 5 cents a share on revenue of $109.1 million. During the year-earlier period, the company posted adjusted earnings, which excludes items, of $15.7 million, or 21 cents a share, on revenue of $88.4 million. Wireless Facilities also announced that its previously reported second- and third-quarter results were revised to reflect the cancellation of sites by one of its customers in Mexico. The revision resulted in an earnings reduction of $1.3 million and sales reduction of $4.8 million. Shares were trading down 57 cents to $4.24. Shares of EchoStar Communications ( DISH) rose 2% even though the company posted fourth-quarter results that fell short of expectations. The satellite television provider posted earnings of $133 million, or 30 cents a share, on revenue of $2.18 billion. Analysts expected earnings of 35 cents a share on revenue of $2.19 billion. During the year-earlier period, the company earned $70 million, or 15 cents a share, on revenue of $1.93 billion. Shares were recently trading up 49 cents to $29.84. Other technology movers included Lucent Technologies ( LU), up 11 cents to $2.99; Oracle ( ORCL), up 24 cents to $13.20; Sun Microsystems ( SUNW), up 11 cents to $4.78; Intel ( INTC), up 5 cents to $19.81; Sirius Satellite Radio ( SIRI), up 2 cents to $4.47; Avanex ( AVNX), up 26 cents to $2.95; Ciena ( CIEN), up 28 cents to $5.16; Microsoft ( MSFT), down 19 cents to $27.04; Cisco Systems ( CSCO), up 2 cents to $21.27; JDSU ( JDSU), up 4 cents to $3.76; and Finisar ( FNSR), down 1 cent to $4.98.