Tech Winners and Losers: Telcos on Top
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
, 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
(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.
