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Friday's Tech Winners & Losers

Buyout chatter didn't help tech stocks advance Friday.
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Tech stocks slid modestly Friday, despite soaring buyout targets

3Com

(COMS)

and

Travelzoo

(TZOO) - Get Report

.

3Com soared 34.2% after Bain Capital and China's Huawei Technologies

agreed to buy the telecom-equipment maker for $2.2 billion. The offer of $5.30 a share represents a 44% premium over 3Com's $3.68 closing price Thursday. As part of the deal, affiliates of Huawei Technologies will take a minority stake in 3Com and become commercial and strategic partners, the company said. Shares gained $1.26 to $4.94.

Travelzoo shares jumped 15.4%, after rumors surfaced that

Priceline.com

(PCLN)

was interested in buying the online travel site, according to

Reuters

. Shares peaked at $24.97 in late afternoon, before retreating to $22.95, a gain of $3.06.

Priceline was down $1.10, or 1.2%, to $88.75.

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Nasdaq 100 component

Logitech

(LOGI) - Get Report

, which makes computer peripherals, was up 3.3% to $29.55. The index was down 5.28 points to 2091.11.

Alcatel-Lucent

(ALU)

was up 4.4%, after a

French paper reported CEO Pat Russo was under pressure to pick up its performance. Shares gained 43 cents to $10.18.

On the down side,

Big Band Networks

(BBND)

plummeted 29.4%, after the communications-equipment maker offered a dismal third-quarter outlook that moved two analysts to downgrade.

The company sees sales of between $35 million and $39 million, $19 million below its prior forecast. Analysts polled by Thomson Financial expect revenue of $56 million. Morgan Keegan lowered its rating to market perform, from outperform, while Jefferies downgraded to hold from buy. Shares were sliding $2.67 to $6.40.

Data storage supplier

Network Appliance

(NTAP) - Get Report

also was sliding 71 cents, or 2.6%, to $26.91.