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TECH STOCKS: Techs Edge Higher As Zynga, NetApp Rise

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were modestly higher on Tuesday, getting a lift from gains in shares of Zynga Inc. and NetApp Inc. Zynga (ZNGA) was up 2.7% at $6.24 ahead of a company event in which the social gaming developer was expected to unveil new products. NetApp (NTAP) added 2.7% to $30.98 as the data storage systems company kicked off its analyst event. Meanwhile, Microsoft Corp. (MSFT) saw its shares rise 1% to $30.19, one of the top gainers on the Dow Jones Industrial Average(DJI) . The Dow was up 23 points as Wall Street welcomed news of modest improvement in housing prices. The Nasdaq Composite Index (RIXF) edged higher by 0.7% to 2,856. The sector was weighed down by losses in shares of Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) and Cisco Systems Inc. (CSCO) as J.P. Morgan cautioned that the impact of the European financial crisis "will likely persist for years." "We remain cautious on the global economy and its potential impact on overall IT spending and more specifically, the software sector," analyst John DiFucci said in a note on the software industry. "Europe, the financial services vertical, and U.S. government spending remain key areas of concern." Shares of Synnex Corp. (SNX) were down more than 2% after the company posted a weaker-than-expected forecast.

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
05/05/201615:30:00Apple, SAP to Cooperate on Workplace Apps
05/04/201611:45:00MARKET SNAPSHOT: Stocks Trim Losses As Strong Services-sector...
05/02/201611:10:00Brocade Communications Pulls Back Its Outlook
04/28/201621:30:00Juniper Networks Reports Higher Quarterly Profit, Revenue
04/22/201616:42:17Securities Registration: Employee Benefit Plan (s-8)
04/18/201617:54:00Manufacturing Automation Leaders Collaborate: Optimizing Industrial...
04/18/201602:20:00New Fanuc Technology Connects Robots to Networks
04/11/201617:50:00Juniper Networks Cuts Guidance for March Quarter
04/11/201617:41:00Juniper Networks Cuts Guidance for March Quarter
04/06/201616:48:44Securities Registration: Employee Benefit Plan (s-8)
04/04/201616:06:00Brocade Strikes $1.2 Billion Deal for Ruckus Wireless -- Update
03/31/201623:40:00Huawei's Profit Jumps
03/31/201619:10:00Intel Announces New Chips for Cloud Computing
03/30/201619:04:00Business Leaders Speak Out Against North Carolina's Transgender...
03/29/201620:59:00The Billionaire Professor Behind New Networking Startup Apstra
03/29/201620:10:00The Billionaire Professor Behind New Networking Startup Apstra
03/24/201618:00:22Statement of Changes in Beneficial Ownership (4)
03/24/201617:59:02Statement of Changes in Beneficial Ownership (4)
03/24/201617:57:13Statement of Changes in Beneficial Ownership (4)
03/24/201616:59:10Securities Registration: Employee Benefit Plan (s-8)

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