SAN FRANCISCO -- Tech stocks were mixed Thursday, with earnings warnings pulling some issues lower, and a few noteworthy deals providing support elsewhere.

Wireless phone distributor

Brightpoint

(CELL)

, PC distributor

Ingram Micro

(IM)

and security software maker

Rainbow Technologies

(RNBO)

all warned of lower-than-expected earnings.

But the winners picked up the slack, with some Internet companies leading gains.

eFax.com

(EFAX) - Get Report

soared 3 3/4, or 41%, to 12 7/8. The company said on Monday that demand for its email to fax service was heavy. It said it had signed up more than 100,000 users in the first month.

Some investors said demand was so heavy that it is taking two to three days for the company to assign personal fax numbers.

America Online

(AOL)

also rose after announcing a deal with regional U.S. phone company

SBC Communications

(SBC)

to offer high-speed Internet access to seven U.S. states by year-end.

AOL was up 2 5/8, or about 3%, at 95 7/16 and SBC was up 7/8 at 52 9/16.

Intitiations

PaineWebber

initiated coverage of

Exodus Communications

(EXDS)

and

AboveNet Communications

(ABOV)

with buy ratings. PaineWebber placed a $125 price target on Exodus and a $50 target for AboveNet.

Exodus last traded up 6 9/16, or about 7%, at 103 5/8. AboveNet rose 5 7/16, or 14%, to 44 3/4.

3Com-Microsoft Deal Helps Boost Shares

3Com

(COMS)

and

Microsoft

(MSFT) - Get Report

agreed to work together to develop networking products. The deal pushed 3Com stock up about 7% to 26 5/16. Microsoft was up 2 7/16 at 163 3/4.