NEW YORK (CNN/Money) -
Technology stocks ended little changed in light trading Friday on the first day of the new year.
The tech-laced Nasdaq composite index edged up 3.31 points to 2006.68, a gain of just 0.17 percent. The Philadelphia Semiconductor index fell 3.27 to 504.85 and the Amex Technology index picked up 0.18 to 720.97.
Sirius Satellite Radio topped the Nasdaq's most active list, followed by Sun Microsystems, Microsoft then Intel.
Sun Microsystems (SUNW: Research, Estimates) rose 23 cents to $4.70, a gain of 5.1 percent, while Microsoft (MSFT: Research, Estimates) and Intel (INTC: Research, Estimates) each posted small gains to $27.45 and $32.16, respectively.
News that International Business Machines Corp. (IBM: Research, Estimates), a Dow component, may miss its target for new computer services deals in the fourth-quarter by $1 billion to $2 billion caused its shares to slip 1.2 percent to $91.55.
In a research note to investors, Bear Stearns analyst Andrew Neff estimates that the world's largest computer maker signed about $12 billion to $13 billion in new services deals for the quarter, causing it to fall short of its $14 billion target.
Sirius Satellite Radio (SIRI: Research, Estimates) shares chalked up a fourth day of gains, jumping 20.9 percent to $3.82. The satellite broadcaster's stock has shot up nearly 400 percent in the past year and the recent surge help its shares reach their highest since June 2002.
Analysts told Reuters there was no news to support the latest stock increases, but recent news articles touting satellite radio have raised public awareness and analysts predict Sirius will report strong subscriber numbers at the Consumer Electronics Show in Las Vegas next week.
Rival XM Radio (XMSR: Research, Estimates)'s shares added nearly 2 percent to $26.80.
A fourth-quarter revenue warning from Ciphergen Biosystems Inc. (CIPH: Research, Estimates) pulled its shares down 26 percent to $8.41.
The biotech company said increased competition for gene and protein analysis products led it to lower its quarterly revenue forecast from $19 million to $15 million to $15.5 million.
--from staff and wire reports