Tech stocks closed relatively flat Thursday, as most of the sector's stalwarts didn't go far in either direction.
GPS device maker
rebounded after a two-day selloff. The rebound followed a Deutsche Bank analyst's statement that
$8.1 billion acquisition of digital mapmaker
was not a threat to Garmin's business, according to the
. Garmin, which is Navteq's biggest customer, saw shares rise $4.43, or 4.6%, to $100.95.
Garmin is a component of the Nasdaq 100, which gained 2.55 points to 2105.56.
Chinese online gaming company
was gaining 10.3%, after the company and Blizzard Entertainment said their game, "World of Warcraft," had achieves a record of 800,000 simultaneous players on Sept. 6. Shares gained $3.07 to $32.97.
, which makes electronics for the computer and other industries, saw shares dip 9.9% after the company cut its third quarter guidance. The company now sees sales of between $670 million and $680 million and diluted earnings of between 29 cents and 35 cents a share. The results include a $6 million tax benefit. Analysts polled by Thomson Financial expect earnings of 38 cents a share on revenue of $750.6 million. Shares fell $2.36 to $21.56.