Tech Winners & Losers: Activision Blizzard - TheStreet

Tech Winners & Losers: Activision Blizzard

The newly merged company gets a boost from traders.
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Tech stocks were mostly up Thursday, along with the major market indices, with video games publisher

Activision Blizzard

(ATVID)

posting one of the strongest gains.

Shares of the newly renamed Activision Blizzard were up $1.96, or 6.5%, to $32.09, a day after the company closed its merger with

Vivendi Games

and said the combined company expects to exceed its earlier guidance. Activision and Vivendi Games had announced the deal in December 2007.

Shares of

Nokia

(NOK) - Get Report

were up 69 cents, or 2.8%, to $25.58. The company has closed its $8.1 billion acquisition of mapping data supplier

Navteq

.

AT&T

(T) - Get Report

gained 73 cents, or 2.3%, to $32.85, a day before

Apple's

(AAPL) - Get Report

3G iPhone will go on sale nationwide. An 8-gigabyte version of the phone has been priced at $199 with a two-year contract; and the 16-GB device will cost $299. AT&T is the exclusive carrier for the iPhone in the U.S.

Shares of Apple were up $2.09, or 1.2%, to $176.34.

Cisco

(SYMBOL)

added 52 cents, or 2.5%, to $22.11 after Citi Investment Research analyst Paul Mansky said Wednesday's selloff in the stock has been overdone. The recent pullback is a time for long-term investors to accumulate shares, said Mansky in a note.

AMD

(AMD) - Get Report

shares lost a penny, or 0.2%, to $5.05. Earlier in the day, the shares skimmed their

five-year low

at $4.90. AMD will report its quarterly earnings next week amid fears that demand for microprocessors is weakening as the market for PCs softens.

Cellular wireless technology company

InterDigital

(IDCC) - Get Report

continued to slide and shed 94 cents, or 4.8%, to $18.49. Earlier this week and analyst at Hilliard Lyons downgraded the stock to neutral from buy. InterDigital has been locked in a patent dispute with

Samsung Electronics

.