Monday's Tech Winners & Losers

Tech stocks were down Monday led by shares of Yahoo! which tumbled more than 14% after Microsoft withdrew its $47.5 billion offer for the company.

Shares of Yahoo!(YHOO) plunged $4.10, or 14.3%, to $24.57 after Microsoft(MSFT) pulled its $31-a-share offer for Yahoo on Saturday.

In a letter to Yahoo! CEO Jerry Yang that was made public, Microsoft's CEO Steve Ballmer said he was willing to offer $33 a share for the Internet company but Yahoo!'s board held out for $37.

Microsoft's(MSFT) stock remained mostly unchanged. Microsoft was up 6 cents, or 0.1%, to $29.30.

Cisco(CSCO) shed 39 cents, or 1.5%, to $26.26, a day ahead of the company's third-quarter results. Analysts are expecting earnings of 36 cents a share on revenue of $9.75 billion, compared with earnings of 34 cents a share on revenue of $8.86 billion a year ago.

Video-games publisher THQ(THQI) lost 90 cents, or 4.2%, to $20.39, a day ahead of the company's fourth-quarter results. Analysts are expecting a loss of 6 cents a share on revenue of $200.76 million, compared with earnings of 15 cents a share on revenue of $172.09 million, the year before.

Sprint Nextel(S) gained 33 cents, or 4.3%, to $8.22 on speculation that T-Mobile's parent Deutsche Telekom(DT) is considering a bid for Sprint Nextel.

Apple(AAPL) was up $1.95, or 1.1%, to $182.99 after an analyst at American Technology Research raised his rating on the stock to buy from neutral.

Shaw Wu, the analyst who had downgraded the stock less than two weeks, said the near-term risk relating to Apple's earnings has passed and the company has tremendous opportunities in its iPhone and Mac business ahead.

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