Monday's Tech Winners & Losers

Updated from 12:43 p.m. EDT

Tech stocks were weaker overall Monday after the rally that ended last week, but a few names were managing to rise against the downward tide.

One of the biggest winners was Transmeta (TMTAD Quote - Cramer on TMTAD - Stock Picks), whose stock rose 19.5% to $10.04 on word that the chip-technology company has hired Sujan Jain as chief financial officer.

Jain will replace Ralph J. Harms, who is leaving the company to pursue other interests.

Elsewhere, PC Mall (MALL Quote - Cramer on MALL - Stock Picks) was up 6.7% to $11.13 after saying it has signed an agreement to acquire Sarcom, an Ohio-based information technology firm.

PC Mall will pay $55 million, and it expects to close the deal in the third quarter.

Also making headlines was CDC (CHINA Quote - Cramer on CHINA - Stock Picks), which plans to file documents with the Securities and Exchange Commission for an initial public offering of up to $225 million of Class A common shares of CDC Software, its business unit that develops enterprise software.

CDC, a company that offers software, online games, mobile services and Internet services, closed down 3.1% at $8.18.

Visual Sciences (VSCN Quote - Cramer on VSCN - Stock Picks), a provider of real-time analytics applications, settled the patent litigation between the company and NetRatings. The sides will dismiss the pending lawsuits filed against each other in early 2006 and have exchanged nonexclusive worldwide licenses to certain patent and patent applications.

Visual Sciences, formerly known as WebSideStory, also agreed to pay NetRatings $9 million. The shares closed up 3% to $16.99.

LCC International (LCCI Quote - Cramer on LCCI - Stock Picks) edged ahead despite getting a Nasdaq notice that the company isn't in compliance with the rule regarding the timely filing of its quarterly report. A stock can be delisted for a late filing, but the appeals process allows any company to remain listed while it tries to remedy the situation.

Shares of LCC, which offers wireless voice and data services to the telecommunications industry, closed up 0.8% at $3.66.