Updated from 3:23 p.m. EST
Widely held tech stocks had their fair share of misery Monday as the Dow fell below 7,000 and Nasdaq fell 3.4% to 1,330.64.
announced Monday that its EDS unit had signed a 10-year, $1 billion contract with London-based insurance firm
. Shares remained in the red nonetheless, with the stock price falling 3.3% to $28.07.
Research In Motion
shares closed down 7.7% to $36.88. Fellow telco hardware maker
also took a beating, with shares down 6.6% to $8.74.
fell 4.9% to $12.58, while its peer
dropped 3.2% to $327.16.
, meanwhile, took a 2.2% hit at $15.79.
IBM was down 3.2% to $89.05.
Apple was down 1.5% to $87.94.
Garmin was down 5.4% to $16.19.
Dell -- recently upgraded from Hold to Buy at Argus -- spent most of the day in green but fell 1.2% into the close, landing at $8.43.
Palm, managed to end the day up 1.1% to $7.32.