Tuesday's Tech Winners & Losers

Updated from 12:36 p.m. EDT

Technology stocks fell along with the wider market Tuesday, despite VMware's(VMW Quote) big opening splash.

VMware, the anticipated software spinoff of storage provider EMC(EMC Quote), soared more than 75% on its first day as a publicly traded company. VMware priced 33 million shares at $29 a share, raising nearly $1 billion. EMC's sale represents about 9% of the 375 million shares of VMware. Citi, JP Morgan and Lehman Brothers led the underwriting syndicate. Shares of VMware closed up $22 to $51, while shares of EMC closed down 71 cents to $18.34.

Elsewhere, Orbcomm(ORBC Quote) plunged 29.7% after the data communications company posted mixed second-quarter results and cut its full-year revenue guidance. The company posted a second-quarter loss of $1.3 million, or 3 cents a share, on revenue of $6.6 million. Analysts expected a loss of 7 cents a share on revenue of $8.1 million. ...