Tech Winners & Losers: Apple - TheStreet

Tech Winners & Losers: Apple

Apple shares are up after Best Buy announced plans to sell the iPhone 3G next month.
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Tech stocks were down, along with the rest of the major market indices, but a handful of companies offered some positive signs.

Apple

(AAPL) - Get Report

shares were up slightly, by less than 1%, or $1.64, to $178.37 after electronics retailer

Best Buy

(BBY) - Get Report

said it would begin offering the iPhone 3G on its shelves nationwide starting Sept. 7. Best Buy plans to sell the popular 8-gigabyte model for $199 and the 16-gigabyte version for $299.

Shares of

Nvidia

(NVDA) - Get Report

were up 8.6%, or 95 cents, to $12.02 after Chief Executive Jen-Hsun Huang told investors the company is ready for a comeback, despite posting its first quarterly loss in six years.

Nvidia said it would up its stock buyback program by $1 billion, for a total of $2.7 billion of common shares that the company can repurchase.

Applied Materials

(AMAT) - Get Report

was up 5.3%, or 97 cents, to $19.44 in recent trading. The chip-equipment posted a 65% decrease in third-quarter earnings compared with a year ago, yet still managed to calm investors by reassuring them that the worst was behind it.

Brocade

(BRCD)

added 18 cents to its shares on Wednesday, up 2.5% to $7.41 after nearly doubling its third-quarter earnings and topping Wall Street estimates. The San Jose-based data-storage networking company grew its third-quarter revenue by 11.7%, to $365.7 million from $327.5 million a year ago.

Shares of

Dell

(DELL) - Get Report

were down .87%, or 22 cents, to $25.11. The company released a new line of business notebook models on Tuesday. The Latitude E series is the first major overhaul of the Latitude in five years.