Wednesday's Tech Winners & Losers

Key Tronic (KTCC Quote - Cramer on KTCC - Stock Picks), a provider of electronic manufacturing services, slumped following word that its fourth-quarter earnings and revenue declined year over year.

The company had revenue of $49.2 million, compared with $52.5 million a year ago. Net income for the fourth quarter was $2.7 million, or 26 cents a share, which included a benefit from the sale of a New Mexico facility of roughly $1.5 million. Key Tronic earned $7.1 million, or 71 cents a share, a year earlier, including an income tax benefit of around $5 million.

For the first quarter, the Spokane Valley, Wash., company is seeing slower demand from a number of customers. It expects revenue in the range of $42 million to $45 million, with earnings of 2 cents to 5 cents a share.

Apple's (AAPL Quote - Cramer on AAPL - Stock Picks) shares were higher following a report that the company has signed iPhone supply deals with some of the biggest players in Europe.

The German counterpart of the Financial Times reported that Apple has signed exclusive supply contracts with Telefonica's (TEF Quote - Cramer on TEF - Stock Picks) U.K. unit O2, Deutsche Telekom's (DT Quote - Cramer on DT - Stock Picks) T-Mobile in Germany and France Telecom's (FTE Quote - Cramer on FTE - Stock Picks) Orange.

Apple, Cupertino, Calif., was rising 3.4% to $131.91.

Google (GOOG Quote - Cramer on GOOG - Stock Picks) rose after a report said its YouTube video-sharing site will start selling ads in videos. Google, Mountain View, Calif., was up 1.2% at $512.58.

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