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Tech Winners and Losers: Sun Micro, RIM

Amid an abortive deal between Sun Microsystems (JAVA) and IBM (IBM - Get Report) and a broader market downturn, most tech stocks took a dive Monday.

After enjoying a run-up on rumors that it might be acquired, Sun shares fell back to earth Monday, losing 23 .3% to $6.51, after it was reported that IBM had withdrawn its offer for the firm. IBM shares, meanwhile, fell 0.7% to $101.47, as investors wondered what would come next.

Another of the day's biggest losers was Garmin (GRMN - Get Report), which fell 4.3% to $22.11 on seemingly no news whatsoever.

Cisco (CSCO), meanwhile, dropped 3.7% to $17.47.

On the winning side:

Infineon Technologies (IFX) rose 17.2% to $1.50.

Advanced Micro Devices (AMD - Get Report) rose 2.9% to $3.53. Research In Motion (RIMM) rose 8.5% to $64.31.

Apple (AAPL - Get Report) rose 2.1% to $118.43.

Sprint (S) rose 5% to $4.40.

Verizon (VZ) rose 0.7% to $33.03.

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AAPL $124.75 0.00%
AMD $2.58 0.00%
GRMN $46.67 0.00%
IBM $160.67 0.00%
S $5.11 0.00%


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S&P 500 2,081.18 -23.81 -1.13%
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