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Tech Winners and Losers: Sun Micro, RIM

Amid a fizzled deal between Sun Microsystems and IBM and a broader market downturn, most tech stocks have a miserable Monday.

Amid an abortive deal between

Sun Microsystems

(JAVA)

and

IBM

(IBM)

and a broader market downturn, most tech stocks took a dive Monday.

After enjoying a run-up on rumors that it might be acquired, Sun shares fell back to earth Monday, losing 23 .3% to $6.51, after it was

reported

that IBM had withdrawn its offer for the firm. IBM shares, meanwhile, fell 0.7% to $101.47, as investors wondered what would come

next

.

Another of the day's biggest losers was

Garmin

(GRMN)

, which fell 4.3% to $22.11 on seemingly no news whatsoever.

Cisco

(CSCO)

, meanwhile, dropped 3.7% to $17.47.

On the winning side:

Infineon Technologies

(IFX)

rose 17.2% to $1.50.

Advanced Micro Devices

(AMD)

rose 2.9% to $3.53.

Research In Motion

(RIMM)

rose 8.5% to $64.31.

Apple

(AAPL)

rose 2.1% to $118.43.

Sprint

(S)

rose 5% to $4.40.

Verizon

(VZ)

rose 0.7% to $33.03.