Tech Winners and Losers: Chips Crunched

Cisco shares are up as investors wait for word on the firm's next stragetgy; meanwhile, semi stocks are suffering.
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Updated from 2:24 p.m. EDT

Widely held tech stocks were down Monday as the broader market fought in vain to maintain its winning streak.

Cisco stole the spotlight Monday as investors waited to see

what would come

of the company's "Unified Computing" event in New York. Shares were recently down 0.4% to $15.45.

Among other computer hardware names,

Hewlett-Packard

(HPQ) - Get Report

was down 1.4% to $29.05,

IBM

(IBM) - Get Report

was up 1% to $91.25,

Dell

(DELL) - Get Report

was falling 4.9% to $8.91, and Apple was down 0.1% to $95.83.

Chip stocks played a large role in tech's slide Monday.

National Semiconductor

(NSM)

was down 6.3% to $9.42.

Texas Instruments

(TXN) - Get Report

fell 3.1% to $15.71.

SanDisk

(SNDK)

fell 10.7% to $9.87.

Intel

(INTC) - Get Report

, embroiled in a patent dispute with

Advanced Micro Devices

(AMD) - Get Report

, fell 2.9% to $14.27. AMD, meanwhile, fell 1.6% to $2.49.

Among the major teclo gear makers,

Nokia

(NOK) - Get Report

rose 4.2% to $11.37.

Palm

(PALM)

fell 9.2% to $7.62.

Research In Motion

(RIMM)

dropped 2.6% to $39.14.

Internet company

Google

(GOOG) - Get Report

lost 1.4% to $320.

Yahoo!

(YHOO)

fell 1.9% to $13.25.

Microsoft

(MSFT) - Get Report

fell 2.1% to $16.31.