Equity Movers: Cisco Innovex, Seagate, Transmeta

Cisco Systems (CSCO): Cisco Systems reported first-quarter earnings Monday that exceeded analyst expectations by 1 cent per share as sales jumped 66 percent. The networking giant also upped forecasts for its second quarter and 2001 fiscal year. Shares of Cisco fell 81 cents, or nearly 2 percent, to $54.31.

Click2learn.com (CLKS): The Internet-based training company said in a news release that it will develop an electronic-learning center to give sales training and skills development to Microsoft's worldwide sales force. Shares of Click2learn fell 22 cents, or about 1 percent, to $16.53.

Innovex (INVX): The maker of flexible electronic circuits reported a fourth-quarter net income of 6 cents a share, beating analyst estimates by 2 cents. The company reported revenue of $39.9 million, little changed from the $39.8 million for the same quarter last year. Shares of Innovex fell $1, or about 6 percent, to $14.56.

Seagate Technology (SEG): The maker of computer hard drives said it will supply hard drives for Microsoft's Xbox video game console. Shares of Seagate fell 6 cents to $73.69.

Transmeta (TMTA): The computer chipmaker sold 13 million shares in an initial public offering priced at $21, raising $273 million. The company is expected to begin trading today on the Nasdaq, under the ticker symbol "TMTA."