Tech stocks were climbing with the rest of the major market indices, helped by new talk of

another economic stimulus package

.

The Nasdaq jumped 1.4% to 1736 in recent trading.

Shares of

SanDisk

(SNDK)

slipped 9.4% to $14.05 after the company agreed to

sell to Toshiba

about 30% of the current manufacturing capacity of the companies' joint ventures. SanDisk expects to receive cash and reduce equipment lease obligations by about $1 billion through the transaction.

The news comes ahead of SanDisk's quarterly earnings after the closing bell. Analysts anticipate a loss of 27 cents per share on $778 million in revenue.

Shares of

WebMD

(WBMD)

were soaring 22.4% to $18.57 after the company terminated by mutual agreement a planned merger with

HLTH Corp.

(HLTH)

in light of the financial crisis.

"The Boards of Directors of HLTH and WebMD believe that, in the current economic environment, it is important for a growth company like WebMD not to be encumbered by $650 million in long-term debt that would be coming due in 18 to 36 months," said Martin Wygod, chairman of the board of HLTH and of WebMD, in a statement.

Shares of HLTH fell 14.6% to $7.77 in recent trading.

Research In Motion

( RIMM) shares were down 7.1% to $54.82 after Morgan Keegan cut its revenue growth estimates in 2009 to 84% in 2009 from its previous forecast of 92%. It also chopped its estimates for 2010, to 56% from 70%.

Shares of

Ericsson

(ERIC) - Get Report

jumped 15.3% to $8 after the Stockholm-based telecom-gear maker posted

an unexpected 13% increase

in third-quarter revenue, boosting fellow network equipment makers.

Applied Materials

(AMAT) - Get Report

saw its shares climb 6.8% to $12.80 after Goldman Sachs upgraded the stock to buy from sell, noting that it had fallen 40% from a year ago and calling it "too low to ignore."

Cisco

(CSCO) - Get Report

shares were up 4.5% to $18.72 after Morgan Keegan upgraded the stock to outperform from market perform, noting that the company is well-positioned for a downturn due in part to its strong balance sheet.

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.