Phone Stocks Slammed Down

Telecom hardware stocks suffer a beating.
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Telecom hardware stocks got slapped around Friday, with many in the smarphone space -- seen by some as one of the recession's bright spots -- among the broader tech sector's biggest losers.

Take

Palm

(PALM)

, for example, which had received a slight reprieve in recent weeks on hopes that it's Pre model would help the company out of its rut. Investors put such hopes aside Friday, sending the stock down 7.1% to $6.15.

Nokia

(NOK) - Get Report

also had a rough time of it, falling 4.1% to $8.74, as did iPhone maker

Apple

(AAPL) - Get Report

, which ended the day down 4% to $85.30. Motorola finished down 2.2% to $3.10 after the Associated Press reported ex-CFO Paul Liska had sued the company regarding the termination of his employment.

BlackBerry maker

Research In Motion

(RIMM)

, meanwhile, suffered a 4.3% loss to $36.34.

The Nasdaq ended Friday's session down 0.44% at 1293.85.