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Tech Industry

Equity Movers: AT&T, Emcore, NaviSite

AT&T, Applied Materials, Analog Devices, Emcore, NaviSite, Niku and Novatel Wireless are among companies expected to move in the markets Thursday.

The following is a list of technology companies that may move in the markets, Thursday, Nov. 16.

AT&T (T): The telecommunications giant announced plans to spin off Liberty Media Group, which it acquired in 1998. The announcement comes just weeks after AT&T said it would break itself into four pieces. Shares of AT&T rose 25 cents, or about 1 percent, to $20.81.

Applied Materials (AMAT): The maker of equipment used to manufacturer semiconductors reported better-than-expected results for the fiscal fourth quarter, while saying its next quarter's earnings would be flat. Applied Materials said it earned 77 cents per share, 1 penny more than the 76-cent consensus estimate of analysts polled by First Call/Thomson Financial. Shares of Applied Materials rose 75 cents, or almost 2 percent, to $43.50.

Analog Devices (ADI): The maker of chips used in cell phones, digital cameras and other electronic devices said its fiscal fourth-quarter profit more than doubled. Analog said it earned 54 cents a share for the quarter ended Oct. 28, 2 cents more than the 50-cent consensus estimate of analysts polled by First Call. Shares of Analog fell 75 cents, or about 1 percent, to $62.50.

Emcore (EMKR): The maker of materials used in semiconductors said its loss, excluding goodwill amortization, widened to 36 cents a share in the fourth quarter ended Sept. 30 from a 21-cent loss a year earlier. Shares of Emcore rose $3.06, or about 7 percent, to $44.44.

NaviSite (NAVI): The Internet hosting company was downgraded to "near-term accumulate" from "near-term buy" by Merrill Lynch analyst Thomas W. Watts. Shares of NaviSite fell 88 cents, or about 10 percent, to $7.38.

Niku (NIKU): The online marketplace for professional services reported a third-quarter loss of 23 cents a share, excluding costs related to mergers, stock-based pay and other items. The company was expected to lose 27 cents, according to analysts polled by First Call. Shares of Niku fell 69 cents, or about 4 percent, to $15.13.

Novatel Wireless (NVTL): The maker of wireless modems for handheld computing devices sold 7 million shares in an initial public offering at $8 each, below the expected range of $10 to $12. The company will begin trading today under the ticker "NVTL."