Tech Winners and Losers: Palm, SanDisk

Tech stocks got a major lift Tuesday, with Palm(PALM Quote) and other handset makers among the day's big winners.

Palm shares rose 15% to close at $6.92 after the company beefed up it fundraising efforts. Fellow smartphone maker Research In Motion(RIMM Quote) also saw double-digit percentage gains, rising 10.5% to $38.96. iPhone maker Apple(AAPL Quote) rose 6.6% to $88.63, and Nokia rose 10.8% to $9.71.

In the semiconductor space, Texas Instruments (TXN Quote) got a nice lift after narrowing its forecast and raising its midpoint revenue estimate. SanDisk rocketed 19.4% to $9.13. STMicroelectronics(STM Quote) shot up 9% to $4.13. Intel(INTC Quote) rose 10.9% to $13.92.

Internet company Google(GOOG Quote) finished the day up 5.9% to $307.96. Yahoo!(YHOO Quote) shares rose 4.1% to $13.18. Microsoft rose 8.8% to $16.48.

Computer maker Dell(DELL Quote) rose 9% to $8.76. Hewlett-Packard (HPQ Quote) rose 5.6% to $26.96. IBM(IBM Quote) climbed 4.5% to $87.25.