Thursday's Tech Winners and Losers

Updated from 1:47 p.m. EST with new stock prices

Tech stocks declined along with the wider market Thursday as investors remained concerned about additional writedowns in the financial sector and weak earnings reports.

Shares of

Qualcomm

(QCOM) - Get Report

continued to surge, a day after the company said it will buy Atlanta-based mobile banking company

Firethorn Holdings

for $210 million in cash. Qualcomm was up 77 cents, or 1.9%, to $40.81 in recent trading.

AMD

(AMD) - Get Report

rose 3.6% after the company introduced a new line of graphics chips for personal computers and targeted at video gamers. AMD was up 44 cents to $12.72 in midday trading.

Video-games retailer

GameStop

(GME) - Get Report

was up 3.8% ahead of the company's third-quarter earnings Tuesday. Analysts expect GameStop to report earnings of 23 cents a share on $1.42 billion in revenue. GameStop was up $2.03 to $55.90 in recent trading.

BEA Systems

(BEAS)

fell 4% after

Oracle

(ORCL) - Get Report

CEO Larry Ellison said Oracle is likely to go after other targets instead of renewing its bid for BEA. Oracle had offered $6.7 billion, or $17 a share. BEA responded with a demand of $21 a share, or $8.2 billion. BEA was recently down 70 cents to $16.70.

Research In Motion

(RIMM)

reversed its gains from the last two days and fell $6.94, or 6.3%, to $103.01 in recent trading.

Storage company

Network Appliance

(NTAP) - Get Report

declined 1.5% after

comments about weak U.S. growth and price cuts during the company's second-quarters results Wednesday. NetApp was off 41 cents to $26.20.