Agere Systems (AGR): Today's Tech Stock Winners and Losers...

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Tuesday, 01/24/2006 4:08:28 PM

Tuesday, January 24, 2006 4:08:28 PM

Today's Tech Stock Winners and Losers

http://www.thestreet.com/_yahoo/markets/winnersandlosers/10263723.html?cm_ven=YAHOO&cm_cat=FREE&...

By TSC Staff
1/24/2006 3:15 PM EST

Shares of Agere Systems (AGR:NYSE - commentary - research - Cramer's Take) were up almost 3% after the semiconductor company said first-quarter revenue totaled $403 million, down from $410 million a year ago. The company lost $19 million, or 11 cents a share, including $39 million in restructuring charges and equity compensation expenses. Before items, Agere would have earned $16 million and 9 cents a share in the most recent quarter.

For the fiscal second quarter, the company expects revenue of $390 million to $410 million and a loss of 6 cents to 12 cents a share. Excluding items, Agere is projecting a profit of 5 cents to 11 cents. Analysts were looking for a profit of 8 cents in the first quarter and 10 cents in the second quarter. Agere was up 37 cents to $13.59.