Tuesday's Tech Winners & Losers
11/13/07 - 04:24 PM EST
Updated from 2:15 p.m. EST with new stock prices
Tech stocks made a comeback Tuesday as investors went bargin hunting after a big four-day selloff that was fueled by a disappointing sales outlook from tech bellwether Cisco(CSCO Quote - Cramer on CSCO - Stock Picks). Apple(AAPL Quote - Cramer on AAPL - Stock Picks) was up 10.5% after reports of brisk sales of the iPhone in the U.K. and Germany where it made its debut over the weekend. China, the world's biggest cell phone market, may be next. An Associated Press report suggested Apple is in talks with service provider China Mobile to introduce the device in China. Shares of Apple were up $16.20 to $169.96 in recent trading. Research In Motion(RIMM Quote - Cramer on RIMM - Stock Picks) rose after investors saw a buying opportunity in a stock that has lost nearly 21% of its value in the last five days. RIM was up $9.95, or 9.7%, $112.55. Shares of VMware(VMW Quote - Cramer on VMW - Stock Picks) bounced back from a drop Monday and rose 12.8% after the company released an early version of its free product that helps companies better utilize new server capacity and analysts suggested that rival Oracle's(ORCL Quote - Cramer on ORCL - Stock Picks) virtualization offering is unlikely to have any short-term competitive impact on VMware. Oracle announced Monday it will offer "Oracle VM" virtualization product to its customers for free and sell service contracts for it. The final version of VMware's new server product is expected to be available next year. Shares of VMware were up $10.27 to $90.63. Shares of EMC(EMC Quote - Cramer on EMC - Stock Picks), which has an 86% stake in VMware, were also up 4.5% to $19.68.


