Wednesday's Tech Winners & Losers

Websense jumps after affirming guidance.
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Updated from 2:43 p.m. EDT with new stock prices

Tech stocks were down Wednesday, along with the major market indices, as investors dealt with

more signs

of recession.

IT security company

Websense

(WBSN)

was up $1.22, or 6.6%, to $19.86 after the company reaffirmed its guidance for the year and said it expects first-quarter profit above Street expectations. Websense forecast revenue for fiscal 2008 between $325 million and $335 million and EPS, excluding charges, in the range of $1.15 to $1.25. Analysts are expecting revenue of $334.04 million and EPS of a $1.23.

Dell

(DELL) - Get Report

shed 31 cents, or 1.6%, to $18.69 after

The Wall Street Journal

reported

the company is in talks with the Dubai government-owned Tecom Investments to create a joint venture for its sales in the Middle East.

Amazon.com

(AMZN) - Get Report

slipped $2.91, or 3.8%, to $74.39 as investors feared

UPS'

(UPS) - Get Report

reduced forecast

hint at trouble for the online retailer, which significantly depends on UPS for shipping.

Motorola

(MOT)

was down 16 cents, or 1.7%, to $9.33. The company announced former

AT&T

(T) - Get Report

CEO David Dorman will replace outgoing Motorola chief Ed Zander as non-executive chairman.

Shares of GPS-based navigation devices maker

Garmin

(GRMN) - Get Report

continued to slide following a

revenue warning

by its rival

TomTom

on Tuesday. Garmin's stock shed $2.57, or 5.3%, to $45.90.