Nevertheless, technology funds posted a gain of just under 19 percent in the quarter.

The company said yesterday that it posted a loss of $388 million in the first quarter and was laying off 7,500 workers.

The industry posted record sales in the first quarter of 2004, a 46 percent increase compared with the same period last year.

As a result, Chrysler posted record earnings of $777 million in the fourth quarter.

The company posted earnings of 27 cents a share in the second quarter last year.

United Online, posted its first profit, of $1.5 million, in the third quarter.

The company posted a loss of $157 million in the first quarter.

The company posted a small loss in the comparable quarter a year ago.

Chrysler posted a $214 million loss in the third quarter.

Still, that was better than the $7 million loss posted in the fourth quarter.