Apple, Dish Network, Nuance: Tech Winners & Losers

NEW YORK ( TheStreet) -- The tech-heavy Nasdaq outperformed the other major indices Tuesday as Apple ( AAPL ) popped 3.03% to $443.25.

Apple sold $17 billion worth of corporate debt in the largest corporate non-financial bond offering in history, according to Bloomberg. In the six-part offering, Apple will sell debt with maturities starting in 2016, and ending in 2043, according to a regulatory filing.

3D Systems ( DDD ) surged 8.28% to $38.73 after the company posted first-quarter revenue that beat Wall Street estimates, and reaffirmed guidance. Piper Jaffray analyst Troy Jensen noted the 22.1% organic growth signifies "another solid data point that this is a secular growth market and we anticipate the industry can sustain 20%+ growth over the next several years."

IBM ( IBM ) rose 1.36% to $201.82 after the tech giant announced at its annual stockholders' meeting in Huntsville, Ala. a huge cash return to shareholders, increasing its quarterly dividend by 12%, and authorizing an additional $5 billion in share buybacks.

Sirius XM ( SIRI) advanced 5.54% to $3.24 open despite the company's first-quarter miss. Sirius added 453,000 subscribers in the quarter to reach a record 24.4 million and reiterated its 2013 revenue guidance of over $3.7 billion. The company also announced the appointment of James Meyer as its CEO. Meyer had served as interim CEO since December, replacing Mel Karmazin.

Shares of semiconductor specialist Anadigics ( ANAD), which reported its first-quarter results before market open, rose 6.09% to $2.09.

Some stocks bucked the general upward momentum of tech stocks Tuesday.

Nuance Communications ( NUAN) plunged 18.76% to $18.93 on weaker-than-expected results. The Apple supplier reported second-quarter sales of $451 million, up from $390.3 million in the year-ago quarter. Excluding items, Nuance reported revenue of $484 million. Analysts surveyed by Yahoo! Finance were looking for revenue of $516.53 million. Excluding items, the Burlington, Mass.-based firm earned 34 cents a share, down from 43 cents a share in the prior year's quarter, below analysts' prediction of 40 cents.

Sprint Nextel ( S ) slipped 1.19% to $7.03 after the chief executive officer of Japanese telecommunications company SoftBank, Masayoshi Son on Tuesday said he wasn't budging on his $20 billion offer for the third largest U.S. mobile operator even after Dish Network ( DISH ) came up with a $25.5 billion proposal. Dish fell 3.3% to $39.22 as Son expressed confidence that his offer will win out. Meanwhile Dish said in a statement that it remained confident that the terms of its bid are superior to SoftBank's.

Written by Andrea Tse in New York

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