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Friday's Tech Winners & Losers

Tech stocks slid modestly Friday, despite soaring buyout targets 3Com (COMS) and Travelzoo (TZOO - Get Report).

3Com soared 34.2% after Bain Capital and China's Huawei Technologies agreed to buy the telecom-equipment maker for $2.2 billion. The offer of $5.30 a share represents a 44% premium over 3Com's $3.68 closing price Thursday. As part of the deal, affiliates of Huawei Technologies will take a minority stake in 3Com and become commercial and strategic partners, the company said. Shares gained $1.26 to $4.94.

Travelzoo shares jumped 15.4%, after rumors surfaced that Priceline.com (PCLN - Get Report) was interested in buying the online travel site, according to Reuters. Shares peaked at $24.97 in late afternoon, before retreating to $22.95, a gain of $3.06.

Priceline was down $1.10, or 1.2%, to $88.75.

Nasdaq 100 component Logitech (LOGI - Get Report), which makes computer peripherals, was up 3.3% to $29.55. The index was down 5.28 points to 2091.11.

Alcatel-Lucent (ALU - Get Report) was up 4.4%, after a French paper reported CEO Pat Russo was under pressure to pick up its performance. Shares gained 43 cents to $10.18.

On the down side, Big Band Networks (BBND) plummeted 29.4%, after the communications-equipment maker offered a dismal third-quarter outlook that moved two analysts to downgrade.

The company sees sales of between $35 million and $39 million, $19 million below its prior forecast. Analysts polled by Thomson Financial expect revenue of $56 million. Morgan Keegan lowered its rating to market perform, from outperform, while Jefferies downgraded to hold from buy. Shares were sliding $2.67 to $6.40.

Data storage supplier Network Appliance (NTAP - Get Report) also was sliding 71 cents, or 2.6%, to $26.91.

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SYM TRADE IT LAST %CHG
ALU $3.73 -1.06%
LOGI $13.15 -1.72%
NTAP $35.46 0.23%
PCLN $1,164.15 1.25%
TZOO $9.64 0.00%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

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