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Tech Winners and Losers: Telcos on Top

RIM and the rest of the telecom sector take the spotlight.

Updated from 2:20 p.m. EDT

Widely held tech stocks stayed mostly in the green Wednesday, with

Research In Motion

(RIMM)

and the rest of the tech sector stealing the spotlight.

RIM, which on Wednesday launched an application store akin to the

Apple

(AAPL) - Get Free Report

iPhone store, ended Wednesday up 5.8% to $45.62. Apple shares, meanwhile, rose 3.4% to 108.69.

Nokia

(NOK) - Get Free Report

rose 3.8% to $12.11.

Motorola

(MOT)

rose 2.4% to $4.33. And

Palm

(PALM)

rose 2.8% to $8.83.

Telco service providers also were on the positive side.

Sprint

(S) - Get Free Report

led the pack, shooting up 11.2% to end the day at $3.97.

Verizon

(VZ) - Get Free Report

, which

Alcatel-Lucent

(ALU)

revealed as a client for its

packet core technology

, was closed up 3.4% to $31.22.

AT&T

(T) - Get Free Report

, which unveiled its new netbook lineup, rose 2.9% to $25.92.

Deutsche Telekom

(DT) - Get Free Report

rose 2.5% to $12.66.

Among computer makers,

Dell

(DELL) - Get Free Report

Dell rose 0.4% to $9.52.

Hewlett-Packard

(HPQ) - Get Free Report

rose 2.6% to $32.88. And

IBM

(IBM) - Get Free Report

was up 0.7% to $97.61.

Moving on to semiconductors,

Texas Instruments

(TXN) - Get Free Report

fell 1.6% to $16.25.

Intel

(INTC) - Get Free Report

ended the day at $15.03 after a $1472 open.

Advanced Micro

(AMD) - Get Free Report

fell 1% to $3.02.

Meanwhile, Internet firm

Google

(GOOG) - Get Free Report

climbed 1.7% to $354.09.

Yahoo!

(YHOO)

fell 0.5% to $12.75.

Microsoft

(MSFT) - Get Free Report

rose 5.1% to $19.31.