Tech Winners & Losers: Palm

Palm has inked a deal to have its new smartphone available on Verizon's wireless network.
Publish date:

Updated from 2:05 p.m. EDT with new stock prices

Tech stocks gained Thursday along with the major market indices on a better-than-expected retail sales report and an optimistic PC sales forecast.

Handset maker



gained 67 cents, or 10.7%, to $6.96 after it worked out a deal to offer its Centro smartphone on


(VZ) - Get Report

wireless network.

Priced at $99 and introduced first on the

Sprint Nextel

(S) - Get Report

network last year, Centro has become popular for its price and features. Palm also said it expects to reach 2 million in sales of Centro phones this year.

Nortel Networks


was up 83 cents, or 9%, to $10.03 after an analyst at JPMorgan upgraded the stock to overweight from neutral. The change in rating followed Nortel's


affirming its full-year outlook during an investor meeting Wednesday.

Shares of


(QCOM) - Get Report

were up $2.70, or 5.8%, to $49.01 after the company

raised its guidance

for the fiscal third quarter and full-year 2008. Qualcomm said the migration to higher-speed 3G wireless networks worldwide will help boost its revenue.


(DELL) - Get Report

added 36 cents, or 1.5%, to $23.76 after industry research firm


said PC sales will increase 12.5% from a year ago to 297 million units. The company had earlier forecast a growth of 10.9%. Dell rival


(HPQ) - Get Report

was up 52 cents, or 1.1%, to $47.00.

Shares of



added 45 cents, or 10.5%, to $4.75 after a report in a German newspaper said that Japanese company Elpida is open to a share swap or buying a stake in Qimonda.

Infineon Technologies


, which is the majority shareholder in Qimonda, has indicated that it is looking to divest its stake in Qimonda.

Mobile games maker

Glu Mobile

(GLUU) - Get Report

was down 7 cents, or 1.3%, to $5.37 after the company announced its lineup of games for the second half of the year. New titles include games that they have licensed from noted brands such as





Warner Bros.



, the company said.