Shares of Hewlett-Packard ( HPQ) were among technology's losers Wednesday, falling 4% after the computer hardware giant's earnings and guidance failed to provide enough of an upside for investors.

For the period ended Jan. 31, the company posted adjusted earnings of $1.8 billion, or 65 cents a share, on revenue of $25.1 billion. Analysts polled by Thomson Financial expected earnings of 62 cents a share and revenue of $24.3 billion. During the year-earlier period, H-P earned $1.4 billion, or 48 cents a share, on revenue of $22.7 billion.

For the fiscal second quarter, H-P sees adjusted earnings of 63 cents to 64 cents a share, with revenue of about $24.5 billion. Analysts project earnings of 63 cents a share and revenue of $24.1 billion. Shares recently were trading down $1.76 to $41.37.

Shares of Jupitermedia ( JUPM) soared 27% after the New York Post reported that the company is in advanced talks to be acquired by Getty Images ( GYI). The report cited sources with knowledge of the situation who said Getty might pay more than $11 a share for Jupitermedia, a provider of digital images to Web developers. Shares of Jupitermedia were surging $2.18 to $10.20. Getty shares were up $2.77, or 5.3%, to $55.06.

Pixelworks ( PXLW) jumped 16% after the chipmaker said that Samsung will use its new chip in two slim CRT television models. The chip, codenamed Bluejay, currently is in production. Shares of Pixelworks were trading up 32 cents to $2.35.

Shares of Nice Systems ( NICE) climbed 6% after the Israeli communications outfit posted better-than-expected fourth-quarter results and boosted its 2007 outlook. The company reported fourth-quarter adjusted earnings of $19.7 million, or 37 cents a share, on revenue of $120.4 million. Wall Street expected earnings of 34 cents a share on revenue of $118.2 million. A year earlier, the company earned $12.3 million, or 28 cents a share, on revenue of $90 million.

Nice Systems now projects 2007 adjusted earnings of $1.36 to $1.46 a share, with revenue of $487 million to $502 million. Previously, the company forecast earnings of $1.35 to $1.45 a share and a top line of $485 million to $500 million. Shares recently changed hands at $35.81, up $2.15.

Shares of Telestone Technologies ( TSTC) slid 8% after the provider of wireless communication products agreed to sell some 669,444 shares of stock for $6.025 million, or $9 a share. The price represents a 10% discount to Telestone's closing price of $10 on Tuesday. Telestone expects net proceeds of about $5.6 million. The company also issued 4-year warrants to buy 133,889 shares of stock at an exercise price of $11.60 a share. The company plans to use proceeds from the stock sale to fund general corporate needs. Shares were trading down 80 cents to $9.20.

Other technology movers included Sirius Satellite Radio ( SIRI), down 9 cents to $3.83; Intel ( INTC), down 41 cents to $20.77; Microsoft ( MSFT), up 15 cents to $28.98; Sun Microsystems ( SUNW), down 13 cents to $6.25; Apple ( AAPL), up $2.65 to $88.55; Oracle ( ORCL), up 12 cents to $17.10; XM Satellite Radio ( XMSR), down 66 cents to $14.75; Level 3 Communications ( LVLT), up 14 cents to $6.69; and Cisco Systems ( CSCO), down 14 cents to $27.42.

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