LONDON -- A late bounce made London blue-chips the sole winners in European action.

The

FTSE 100

broke below the 6,000-point level this morning, but then a wave of optimism swept though the market and from being 89.2 points lower, the index closed 31.8 points higher, or 0.5%, at 6,118.6. Tech stocks, however, suffered another miserable session and the

Techmark

slid another 53.9 points, or 1.9%, to 2,864.2.

Not every tech stock had a bad day.

Logica

jumped 91p, or 6.2%, to

15.62 ($22.96) after announcing a deal with

Norweb Telecom

to deliver its Customer Relationship Management service over Norweb Telecom's national network.

BSkyB

(BSY)

rose 107p, or 10.3%, to

11.47 on hopes that the proposed acquisition of

Sports Internet

may clear all the regulatory hurdles. And

Carlton Communications

(CCTVY)

provided another media bright spot, rising 16.5p, or 2.2%, to 760.5 on the back of an upbeat trading statement accompanying half-year earnings results and an Internet deal with the supermarket chain

J Sainsbury

.

Vodafone AirTouch

(VOD) - Get Report

reversed an early loss to finish 5p higher, or 2.0%, at 264 and

British Telecom

(BTY)

gained 19p, or 2.2%, to 891.

However, those technology, media and telecom gainers were in the minority.

Pearson

fell 79p, or 4.6%, to

16.46 and

Reuters

(RTRSY)

slid 66p, or 7.1%, to 869.

Fibernet Group

fell 240p, or 15.7%, to

12.85 and

CMG

gave up 217p, or 6.4%, to

31.59.

The insurer

Prudential plc

rose 29.5p to 973 after announcing that the flotation of its Internet bank,

Egg

, is back on schedule,

Europe's other stock markets closed sharply lower, as techs continued to get hammered. The

Xetra Dax

in Frankfurt closed down 92.8, or 1.3%, at 6,834.9 and the

CAC 40

in Paris finished 121.5 lower, or 2.0%, at 6,027.1. The

Neuer Markt's

tech-heavy

Nemax 50

index plunged 370.7, or 6.2%, to 5,589.9.

In Frankfurt, technology losses were led by blue-chip issues, with

Siemens

(SMWAY)

closing down 1.70 euros, or 1.2%, at 145.00 ($131.44),

Epcos

(EPC) - Get Report

ending 7.56 euros lower, or 6%, at 118.20 and

Infineon

(IFX)

off 5.26 euros, or 7.7%, at 63.00.

Carmaker

BMW

was able to buck the downward trend and close 1.45 euros higher, or 4.7%, at 32.15 after selling its Land Rover unit to

Ford

(F) - Get Report

. Pharmaceuticals maker

Bayer

(BAYZY)

finished up 0.15 euros, or 0.4%, at 43.19, but industrial giant

Thyssen Krupp

plunged 3.70 euros, or 16.1%, to 19.25 after posting disappointing earnings.

Major European telecoms were all lower, with

Deutsche Telekom

(DT) - Get Report

closing down 2.10 euros, or 3.6%, at 56.60,

Telefonica

(TEF) - Get Report

off 0.31 euros, or 1.5%, at 20.14 and

France Telecom

(FTE)

ending 5.80 euros lower, or 4.2%, at 131.50.