Tech Winners & Losers: Research In Motion

Tech stocks rose Monday led by smartphone maker Research In Motion, which hit its 52-week high after it unveiled a new device, the BlackBerry Bold.

Shares of BlackBerry maker Research In MotionRIMM gained $8.11, or 6.1%, to $140.88 after the company unveiled a new stylish, feature packed 3G-phone called BlackBerry Bold.

RIM also said it has set up a BlackBerry Partners Fund, a $150 million venture capital fund, in partnership with RBC and Thomson Reuters to drive development of mobile applications and services for the BlackBerry and other mobile platforms.

Apple AAPL added $3.72, or 2%, to $187.15 after the company confirmed that its online stores in U.S. and U.K. are sold out of the iPhone. Many industry watchers see this as a sign that the company is clearing out its inventory in preparation of the launch of a 3G-iPhone.

SiriusSIRI gained 12 cents, or 4%, to $2.84 after XM Satellite RadioXMSR reported a jump in revenue though it fell short of analysts' expectations.

Sirius and XM are set to merge following regulatory approval for the deal. XM lost $129.3 million, or 42 cents a share, compared with a loss of $122.4 million, or 40 cents a share, a year ago. Revenue rose 17% to $308 million but fell short of analysts' expectations of $313 million. Shares of XM were up 50 cents, or 4.2%, to $12.30.

Sprint NextelS shed 42 cents, or 4.4%, to $8.98 after the company missed revenue targets for the first quarter due to its struggling wireless business.