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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
02/05/201617:19:22Securities Registration: Employee Benefit Plan (s-8)
02/04/201603:03:00Cisco In Deal For Jasper
02/03/201619:26:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push -- 2nd Update
02/03/201619:08:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push -- Update
02/03/201617:50:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push
02/03/201617:31:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push
02/03/201616:34:11Form 13f Holdings Report (13f-hr)
02/02/201618:00:00Cisco Wins Ruling in Patent Case Against Arista -- Update
02/02/201617:56:00Correction to Cisco Wins Ruling in Patent Case Against Rival...
02/02/201617:30:00Cisco Wins Ruling in Patent Case Against Arista
02/02/201617:15:00Cisco Wins Ruling in Patent Case Against Rival Arista
01/28/201616:45:27Current Report Filing (8-k)
01/27/201621:50:00EU Plans New Tax Rules for Companies
01/27/201606:54:00Correction to Ericsson Profit Rises on Dollar, Apple Pact Story
01/27/201604:16:00Correction to Ericsson story
01/27/201603:10:00Ericsson Profit Rises on Dollar, Apple Pact
01/27/201602:47:00Ericsson Profit Rises on Dollar, Apple Pact
01/26/201608:21:52Amended Statement of Ownership (sc 13g/a)
01/25/201616:20:00Arista Files Antitrust Charges Against Cisco
01/25/201616:14:00Arista Files Antitrust Charges Against Cisco

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