Shares of Openwave Systems ( OPWV) were among technology's losers Thursday, tumbling 30% after the software company warned that fourth-quarter results would be well below Wall Street's forecast. For the period ended June 30, the company sees break-even adjusted earnings, which exclude items. The company expects to post revenue of $90 million to $92 million. Analysts polled by Thomson First Call project earnings of 22 cents a share on revenue of $122.1 million. For fiscal 2006, Openwave expects an adjusted profit of 55 cents a share on revenue of about $410 million. Analysts project earnings of 77 cents a share on revenue of $443 million. "While the results for the quarter are disappointing, overall the company has delivered a solid financial year," the company said. Shares were recently trading down $3.49 to $7.98. Sirius Satellite Radio ( SIRI) shares rose 3% after the company posted second-quarter subscriber numbers that more than doubled from a year earlier and bested the additions posted by rival XM Satellite Radio ( XMSR). Sirius added 600,460 net subscribers during the quarter, 64% above last-year's additions of 366,000. Sirius ended the quarter with 4.68 million subscribers, compared with 1.81 million a year earlier. XM, meanwhile added 398,000 subscribers during the second quarter, down from the 568,902 subscribers that it added during the first quarter. Overall, XM Satellite now has more than 6.89 million subscribers. XM shares were recently trading down 3 cents to $14.46. Sirius shares were up 14 cents to $4.62. Shares of Novatel Wireless ( NVTL) rose 2% after the telecom-gear company boosted its second-quarter revenue guidance. The company now estimates revenue of more than $44 million, up from an earlier forecast of $40 million to $42 million. Analysts project revenue of $41.3 million. "Our diversification strategy for new and existing product lines is resulting in higher than expected second quarter sales driven by multiple revenue drivers in both EMEA and North America markets," the company said. Novatel plans to issue second-quarter results on July 26. Shares were trading up 21 cents to $10.72.
Ciber ( CBR) rose 2% after the information-technology consulting services firm lifted its second-quarter revenue projection and reiterated its earnings estimate. The company estimates revenue of $245 million to $248 million, up from an earlier view of $239 million to $244 million. The company continues to project earnings of 10 cents to 11 cents a share. Analysts project earnings of 11 cents a share, with revenue of $239.4 million. "Revenue increased across all segments, except federal government, which is working hard to expand its backlog," the company said. "We remain confident that our 2006 results will continue to demonstrate the success of our diversified business model." Ciber plans to issue second-quarter results on July 26. Shares were trading up 12 cents to $6.60. Shares of NetScout Systems ( NTCT) plunged 25% after the network-gear outfit warned that first-quarter results would be lower than expected. For the period ended June 30, the company sees earnings of 3 cents to 4 cents a share, with revenue of $23 million to $24 million. Previously, NetScout projected earnings of 5 cents to 6 cents a share and revenue of $25.5 million to $26.5 million. Analysts had forecast earnings of 6 cents a share and a top line of $25.9 million. NetScout said that it was hurt by longer-than-expected sales cycles in some of its business and lower-than-expected results in its European operations. The company expects to release final results on July 26. Shares were trading down $2.19 to $6.45. Other technology movers included Intel ( INTC), up 4 cents to $18.79; Microsoft ( MSFT), up 13 cents to $23.48; JDSU ( JDSU), down 1 cent to $2.39; Cisco Systems ( CSCO), up 6 cents to $19.66; Applied Materials ( AMAT), up 14 cents to $16.35; Sun Microsystems ( SUNW), up 2 cents to $4.06; Rambus ( RMBS), up 45 cents to $24.75; Apple Computer ( AAPL), down 1 cent to $56.99; and Oracle ( ORCL), down 5 cents to $14.52; and Lucent Technologies ( LU), up 1 cent to $2.39.