Monday's Tech Winners & Losers

Circuit City shares gain after Blockbuster offers to buy it.
By Priya Ganapati ,

Tech stocks were mostly unchanged Monday as investors waited for the first-quarter earnings results this week of major players such as

Intel

(INTC) - Get Report

,

AMD

(AMD) - Get Report

and

eBay

(EBAY) - Get Report

.

Shares of

Circuit City

(CC) - Get Report

gained $1.17, or 30%, to $5.07 after movies rental giant

Blockbuster

( BBI) made an unsolicited

$1.35 billion

bid for the electronics retailer. Blockbuster is offering $6 to $8 a share to Circuit City shareholders.

Blockbuster shares were down 44 cents, or 14.1%, to $2.68 on the news.

Online gaming company

The9

(NCTY) - Get Report

gained $1.15, or 6.1%, to $19.90. The company said it expanded its original license agreement in mainland China with

Vivendi's

Blizzard Entertainment to include the rollout of the second expansion pack for Blizzard's blockbuster

World of Warcraft

game.

eBay

(EBAY) - Get Report

gained 64 cents, or 2.1%, to $31.51 after analysts offered a bullish take on the company ahead of its first-quarter results on Wednesday.

An analyst at Piper Jaffray reiterated his buy rating on the stock and raised the price target for a share to $40 from $34. The analyst also increased his financial estimates for the company's first quarter to $2.16 billion in revenue and EPS of 42 cents, from his earlier outlook of $2.05 billion in revenue and 40 cents EPS.

Thomson First Call consensus estimates peg eBay's first-quarter revenue at $2.07 billion and EPS of 39 cents.

Chip maker

Nvidia

(NVDA) - Get Report

continued to lose ground following the company's analysts day meeting Thursday.

Nvidia told analysts that it could lose some market share in the processor chip business even as a Goldman Sachs analyst said later in a research note that the company's

excess inventory

could lead to a weak guidance for the second quarter. Shares of Nvidia were off 56 cents, or 3%, to $17.98.

Intel

(INTC) - Get Report

shed 36 cents, or 1.7%, to $20.88, a day ahead of the company's first-quarter report. Analysts expect Intel to post EPS of 25 cents on revenue of $9.62 billion, compared with 27 cents a share on revenue of $8.85 billion the year before.

Business software provider

Salesforce.com

(CRM) - Get Report

shed 71 cents, or 1.1%, to $60.45 though the company said it

will partner

with

Google

(GOOG) - Get Report

to integrate Google Apps with Salesforce.com's online CRM software.

Meanwhile,

Microsoft

(MSFT) - Get Report

announced that it will get into the market as it prepared to release its CRM Online subscription-based software. The move could mean that Salesforce.com could go up against Microsoft in some sales situations, said an analyst Friday. Shares of Microsoft were down 3 cents, or 0.1%, to $28.25.

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