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RIM Rises, SGI Slips: Tech Winners & Losers

This story has been updated with closing prices.

NEW YORK ( TheStreet) - Beleaguered handset maker Research in Motion (RIMM) was one of the tech sector's big winners on Monday, reflecting a broader uptick in technology stocks.

Shares of RIM, which reports its fourth-quarter results after market close on Thursday, closed up 2.78% at $14.04, despite ongoing concerns about the company's prospects. The BlackBerry maker easily outpaced the Nasdaq's gain of 1.78%.

Smartphone and tablet giant Apple (AAPL - Get Report) maintained its recent momentum, once again surpassing the $600 mark. The iPhone maker's shares climbed $10.93, or 1.83%, to close at $606.98.

Security software specialist Symantec (SYMC), which has been one of the sector's turnaround stories, gained 2.58% to close at $18.67 on Monday.

Silicon Graphics (SGI - Get Report), however, was a laggard. Shares of the chip maker closed down 0.6% at $9.99 after the company announced plans to cut around 25% of its European workforce.

-- Written by James Rogers in New York.

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AAPL $94.19 0.00%
SGI $4.68 0.00%
SYMC $16.67 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%


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