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Tech Industry

STOCKS TO WATCH: Cable Design Technologies, Razorfish, Sapient

Expect the following technology stocks to be among Friday's most actively traded issues: Cable Design Technologies, Razorfish and Sapient.

  • Cable Design Technologies (NYSE: CDT)

    The network-equipment maker will be active Friday after warning that its third-quarter sales and earnings will fall short of analyst estimates.

    Company executives said it now expects to earn between 13 cents and 15 cents a share on sales of between $175 million and $180 million.

    First Call consensus was looking for a profit of 30 cents a share in the quarter.

    It also announced the sale of its distribution unit based in the United Kingdom.

    Last quarter, CDT beat the Street when it posted a profit of $13.5 million, or 30 cents a share, on sales of $202.6 million.

    Its shares closed off 65 cents to $13.90 ahead of the warning.

  • Razorfish (Nasdaq: RAZF)

    The Internet consulting and design firm will be on the move after it posted a smaller-than-expected loss in its first quarter, losing $6.6 million, or 7 cents a share, on sales of $42.7 million.

    First Call consensus expected Razorfish to lose 8 cents a share in the quarter.

    The company also announced that Jeff Dachis, the company's co-founder and chief executive, was stepping down and will be replaced by Chief Operating Officer Jean-Philippe Maheu.

    Craig Kanarick, co-founder and chief strategic officer, also resigned from the company.

    In the year-ago quarter, Razorfish earned $6.5 million, or 7 cents a share, on sales of $64.1 million.

    The stock closed off 39 cents to $1.22 ahead of the earnings report before moving up to $1.34 in after-hours trading.

  • Sapient (Nasdaq: SAPE)

    Sapient reported a wider-than-expected loss in its first quarter, losing $6.2 million, or 5 cents a share, on sales of $109.1 million.

    First Call consensus pegged the technology consultant to lose 4 cents a share on sales of $125.2 million.

    Its shares closed off 88 cents to $12.12 ahead of the earnings report before falling to $11.79 in after-hours trading.

    The $109.1 million in sales marks a 9 percent improvement from the year-ago quarter when it earned $12.7 million, or 10 cents a share, on sales of $100.3 million.

    Including one-time charges, Sapient posted a net loss of $48.3 million, or 39 cents a share, compared to a net profit of $11.9 million, or 9 cents a share, in the year-ago quarter.

    Last quarter, it posted profit of 10 cents a share on sales of $139.1 million.