Notable Tech Stock Movers (AAPL, SNDK, CPWR, NOK)

Apple Inc. (NASDAQ:AAPL) is the biggest gainer and climbed 2.555 to $266.32 after it said Wednesday that customers placed more than 600,000 pre-orders for the iPhone 4 on Tuesday, the first day pre-ordering for the device was available. Apple said it was "the largest number of pre-orders Apple has ever taken in a single day and was far higher than we anticipated, resulting in many order and approval system malfunctions."

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Apple Inc. (Apple) designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions.

SanDisk Corporation (NASDAQ:SNDK)   surged 2.92% to $50.10 and made a new 52-week high of $50.19 earlier in the session.

So far this year, shares of WYNN have fallen about 70%. Analysts anticipate that the company will report earnings of $3.71 a share in fiscal 2010. The median Wall Street price target on the stock is $46 and the high target is set at $60.00. The 50- Day Moving Average and 200-Day Moving Average prices are $43.10 and $33.55 respectively.

Compuware Corporation (NASDAQ:CPWR) surged 1.76% to $8.65, very close to its 52-week high of $8.95.

So far this year, shares of CPWR have fallen about 18%. Analysts anticipate that the company will report earnings of $0.49 a share in fiscal 2011. The median Wall Street price target on the stock is $10.50 and the high target is set at $11.50. The 50- Day Moving Average and 200-Day Moving Average prices are $8.11 and $7.89 respectively.

Shares of Nokia Corporation (ADR) (NYSE:NOK) are under deep selling pressure in the morning session after the world’s biggest maker of mobile phones, slashed its second-quarter and full-year forecasts due to stiff competition and lack of high-end devices.

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The company said, the adjusted operating margin in handsets may slide below 9% in the current quarter and 11% for the year. The company lowered its devices margins forecasts on April 22 to 9 to 12 percent for the quarter and 11 to 13 percent for the year.

Sales in the devices and services division may fall below 6.7 billion euros ($8.2 billion) as the company’s product mix shifted toward less-profitable midrange and low-end phones, The company said.

With the continued innovation by Apple Inc., Nokia has been struggling to come out with a touchscreen model that meets user expectations.

The company is losing market share among the high-end customers to the iPhone, Research in Motion Ltd.’s BlackBerry, and phones running Google Inc.’s Android software, while increasing sales of cheaper smartphones, which carries a lower margin.

Shares of Nokia plunged 9.60% to $8.88 with over 91 million shares.

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