Updated from 2:20 p.m. EDT with new stock prices

Tech stocks were down Tuesday along with the major market indices following

mixed earnings reports

and gloomy economic data with consumer confidence at its lowest point in five years.

Telecom company

Rogers Communications

(RCI) - Get Report

gained $1.67, or 4%, to $43.98 after it declared strong quarterly results and said it has sealed the deal with

Apple

(AAPL) - Get Report

to bring the iPhone to Canada. Rogers also declared a quarterly dividend of 25 cents a share. Shares of Apple were up $2.81, or 1.63%, to $175.05.

Shares of

Corning

(GLW) - Get Report

rose 85 cents, or 3.3%, to $26.53 after the company reported strong first-quarter results and guided higher than Street expectations.

Corning cited the rising demand for glass used in flat-screen TVs and laptop computers. Net income in the first quarter rose to $1.03 billion, or 64 cents a share, from $327 million, or 20 cents a share, a year ago. Excluding items, it reported EPS of 44 cents, beating analysts' expectations by 2 cents. Sales rose 24% to $1.62 billion.

Metavante

( MV), a banking and payments technology company, gained $2.40, or 12.1%, to $22.27 following the company's results.

Metavante reported EPS of 35 cents in the first quarter that was 3 cents better than analysts' expectations. Sales rose to $424.6 million vs. $410.28 million a year ago. The company said it expects EPS for fiscal 2008 in the range of $1.36 to 1.41. Analysts are expecting earnings of $1.34 a share.

Microchip Technology

(MCHP) - Get Report

traded higher $1.48, or 4.2%, to $36.88 after it

beat Wall Street estimates

for the fourth quarter and offered a stronger-than-expected outlook.

Net income for the fourth quarter was $76.6 million, or 40 cents a share, down sharply from the $127.7 million, or 57 cents a share, a year ago. But the results beat the average analyst expectation by 3 cents. Sales rose 0.9% to $260.4 million and came in a little higher than the $257 million expected by analysts.

Shares of GPS-based navigation devices maker

Garmin

(GRMN) - Get Report

gave up gains from Monday and slipped 97 cents, or 2.1%, to $46.44, a day ahead of the company's first quarter-results.

Analysts are expecting earnings of 75 cents a share on revenue of $712.11 million in the quarter. For the second quarter, it is expected to report EPS of $1.12 on revenue of $1.02 billion.