Wireless stocks opened with a mixed bag today after Monday’s bloodshed, with some up and others still taking a beating.
Handset makers, equipment providers and service providers were all hit on Monday. By this morning, Nokia was up, as were some other vendors and operators.
Nokia was down 5.9%, to $16.71, at Monday’s close. Motorola ended the day at $6.14 per share, more than 8% lower than the previous trading day’s close and setting a new 52-week low. Research In Motion (RIM) was down more than 2%, closing at $59.66.
The same went for Alcatel Lucent, Nortel Networks and Ericsson – all closed down, as did shares in operators, although their beatings tended to be less harsh. Shares in AT&T, Verizon Communications, Sprint Nextel and Deutsche Telekom all fell, but by today’s opening, AT&T, Verizon Communications and Deutsche Telekom were gaining ground.
Qualcomm, once a high-flier, was down 1.57%, at $40.23, yesterday. Even Google fell 4%, to $371.21, and Microsoft was down more than 5%, to $24.91.
Companies such as Apple and VeriSign managed to dodge the bullet. Apple was down at mid-day Eastern time Monday but ended the day up 1%, trading at $98.14. (Last Friday, an unsubstantiated rumor about Steve Jobs’ health once again drove activity around that stock.) VeriSign also was up more than 3%, at $23.95. Today, VeriSign announced it sold the rest of its share in Jamba to News Corporation for about $200 million.
The Nasdaq overall lost 4.34% on Monday.