Updated from 2:07 p.m. EST with new stock prices
Tech stocks soared Tuesday, helped in part by robust early holiday sales in the video-games sector and a rebound in major indices.
Shares of video-game publisher
soared after the company raised its revenue and earnings outlook for the third quarter and fiscal year based on strong retail sales over the Thanksgiving weekend. Activision's two big releases this quarter,
Guitar Hero III: Legends of Rock
Call of Duty 4
, are expected to drive sales this holiday season. Shares of Activision were up $2.61, or 13.8%, to $21.54.
Research In Motion
gained 3.7% after reports that two Russian mobile companies will sell BlackBerry phones to businesses in Russia. RIM rose $4.14 to $115.68.
Chinese gaming company
rose 6% after its board authorized a buyback of up to $50 million of its American Depository Shares. The company expects to fund its purchases with existing cash reserves. The stock was up $1.39 to $24.60.
bounced back after a fall Monday resulting from an analyst report that suggested the stock is overvalued. Shares of VMware were up $6.14, or 8.6%, to $77.58.
, which holds an 86% stake in VMware, was up 82 cents, or 4.7% to $18.19.
rose 6.6%, a day after a Dubai investment company acquired an undisclosed stake in the Japanese electronics giant. Shares of Sony were up $3.30 to $53.31.
gained strength after it introduced two new PC models with prices starting at approximately $1,600 and $1,850, respectively. With these new models, Dell will be among the first PC makers to ship computers with the latest quad-core and dual-core
processors. Shares of Dell were up 93 cents, or 3.6%, to $26.64. Intel gained 74 cents, or 3%, to $25.11.
was up 5.4% after the company said it has signed a multi-year partnership with NBC Universal for its advertising products. NBC's 14 TV networks and 10 owned-and-operated stations will sell TiVo's interactive advertising features and subscribe to its commercial ratings service. Shares of TiVo were up 30 cents, or 5%, to $5.90.
Advanced Micro Devices
fell 1.2% -- past its 52-week low -- after an American Technology Research analyst downgraded it, suggesting there are few catalysts to move stock price until the chipmaker releases its new 45-nanometer chip in mid-2008. Shares of AMD were down 12 cents to $10.15.