NEW YORK (CNN/Money) - Technology stocks closed mostly lower on Monday as investors worried that prices have run ahead of business prospects.

The technology-focused Nasdaq Composite index finished 3 points, or 0.15 percent, lower at 2,063.15, while Morgan Stanley's high-tech index lost 4.81 points to 499.

Amazon.com (AMZN: Research, Estimates) suffered sharp declines as investors veered out of technology stocks toward the session's end. Its stock fell $2.13, or 4.2 percent, to $48.27.

Among other tech heavyweights, Cisco Systems (CSCO: Research, Estimates), the most actively traded stock on Nasdaq, climbed nearly 2 percent to close at $26.20, but shares of Intel (INTC: Research, Estimates) dropped 0.7 percent to $30.32.

Microsoft (MSFT: Research, Estimates) shares fell 25 cents to $27.40, while Sun Microsystems (SUNW: Research, Estimates) rose 20 cents to $5.49. Both were actively traded on Nasdaq. International Business Machines (IBM: Research, Estimates) lost 16 cents at $99.39 on the New York Stock Exchange.

Elsewhere in tech land, shares of Take-Two Interactive Software (TTWO: Research, Estimates) rose despite the video game publisher's cut of its earnings and revenue forecasts for the fiscal first quarter. The company said it is reworking past financial statements after changing its revenue-recognition policies.

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Take-Two said now it is expecting earnings per share of 70 cents for the quarter, ended Jan. 31, on revenue of $385 million, compared with a prior forecast for earnings per share of $1.10 on revenue of $412 million.

Shares of Take-Two gained 2.5 percent to close at $29.73 on Monday.

In other tech-related news, shares of ScanSoft Inc. (SSFT: Research, Estimates) rose sharply after the software maker said it expects its fourth-quarter results to be higher than previously anticipated.

The Peabody, Mass.-based company attributed the optimistic outlook to strength in its SpeechWorks product line and growth from its imaging applications.

ScanSoft stock finished nearly 8 percent higher at $5.50.  

-- Reuters contributed to the story