Shares of Amdocs ( DOX) were among technology's losers Thursday, sliding 10% after the software maker cut its 2007 revenue forecast. The company now sees revenue of $2.83 billion to $2.91 billion, below its previous forecast of $2.89 billion to $2.97 billion. Analysts polled by Thomson First Call had an average estimate for revenue of $2.93 billion. "We continue to see demand for our products and services as major service providers around the world continue to embark on transformation and convergence projects, but not at the same pace that we had expected," the company said. Amdocs still expects adjusted first-quarter earnings of 50 cents a share, with revenue of about $690 million. Analysts project earnings of 50 cents a share and revenue of $691.1 million. Shares were trading down $4.12 to $35.21. CDC ( CHINA) rose 2% after the company backed its 2006 and 2007 revenue projections. The company, which operates China.com, continues to estimate 2006 revenue of $303 million to $307 million. It projects adjusted income of $32 million to $33.3 million. Analysts project income of $32.6 million on revenue of $304.9 million. For 2007, CDC still expects revenue of $401 million to $411 million, bracketing analysts' mean estimate of $405.2 million. The company predicts adjusted income of $55 million to $60 million, compared with Wall Street's forecast of $56.5 million. Shares were adding 22 cents to $9.99.
Shares of Arris Group ( ARRS) rose 4% after the telecom technology company projected that fourth-quarter results will top expectations. In a regulatory filing, the company said that it expects results will exceed the upper end of its previous guidance, which called for adjusted earnings of 25 cents to 28 cents a share and revenue of $220 million to $230 million. Analysts project earnings of 27 cents a share, with revenue of $227.3 million. Shares of Arris were up 55 cents to $13.28. SupportSoft ( SPRT) rose 5% after the software company said that fourth-quarter results will be "substantially better" than its earlier guidance. The company's previous estimate called for a loss of 4 cents to 6 cents a share. SupportSoft now projects revenue of $14 million, above its earlier view of $12 million to $13 million. Analysts had forecast a loss of 5 cents a share and revenue of $12.6 million. SupporSoft shares were trading up 28 cents to $5.78. Other technology movers included Sun Microsystems ( SUNW), up 7 cents to $6.07; Intel ( INTC), up 34 cents to $21.86; Level 3 Communications ( LVLT), up 35 cents to $6.38; Sirius Satellite Radio ( SIRI), down 5 cents to $3.93; Apple ( AAPL), down 58 cents to $96.42; Microsoft ( MSFT), up 45 cents to $30.11; and Cisco Systems ( CSCO), up 27 cents to $28.95.