Monday's Tech Winners & Losers

Updated from 12:05 p.m. EDT

Tech stocks moved higher Monday as the sector got a boost from merger news.

Shares of Opsware(OPSW Quote) jumped 36.2% after the software company agreed to be acquired by Hewlett-Packard(HPQ Quote) for about $1.6 billion, or $14.25 a share. The deal, which is net of existing cash and debt, represents a 39% premium over Opsware's closing price of $10.28 on Friday. "The acquisition of Opsware is intended to enable HP Software to help our customers resolve one of their critical pain points: Controlling the increasing complexity and cost of managing the data center," H-P said. The deal is expected to close during the company's fiscal fourth quarter. Shares of Opsware closed up $3.72 to $14.

Meanwhile, shares of Neoware(NWRE Quote) rose after the software company also agreed to be acquired by Hewlett-Packard. H-P is paying about $214 million, or $16.25 a share. The deal price, which is net of existing cash, represents a premium of 7% to Neoware's closing price of $15.24 on Friday. "Acquiring Neoware is intended to accelerate the growth of H-P's thin client business by boosting its Linux software, client virtualization and customization capabilities, expanding its regional sales footprint and broadening its hardware portfolio," H-P said in a statement. The deal is expected to close during the fourth quarter. Shares of Neoware closed up 57 cents, or 3.7%, to $15.81.

Elsewhere, GigaBeam(GGBM Quote) surged, at one point during the day more than doubling, after the communications equipment company said that it received purchase orders for 24 additional WiFiber links from wireless telecom company One Velocity. "Our growing partnership with One Velocity has proven profitable for GigaBeam as they continue to successfully build out the Las Vegas market with the strategy to open other major markets for our products across the western United States," GigaBeam said. Shares were up 129% earlier in the day and closed up $2.05, or 73.2%, to $4.85.

Marvell Technologies(MRVL Quote) traded actively after the chipmaker said that it regained compliance with Nasdaq's listing requirements. "We are very pleased with the Nasdaq decision and are happy to put this matter behind us," the company said. The ruling means that shares of Marvell will not be delisted from the exchange. Shares closed down 38 cents, or 1.9%, at $19.26.

Finally, shares of Sify(SIFY Quote) fell 10.5% after the Internet services company posted a first-quarter loss. The company reported a loss of $1.3 million, or 3 cents a share, on revenue of $34.6 million. During the year-earlier quarter, the company earned $1.5 million, or 4 cents a share, on revenue of $32.5 million. Shares closed down 97 cents to $8.28.

As for the broader technology sector, the Nasdaq 100 was up about 0.5 points to 2036.33.