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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
01/17/201712:58:00Cisco's Chambers Sees Trump Presidency Good for U.S. Business
01/16/201723:30:00Ericsson and Cisco to Overhaul Network of Vodafone Hutchison...
01/16/201704:29:00Ericsson-Cisco Partnership Gets Vodafone Hutchison Australia...
01/09/201700:00:00Genpact and Cisco Launch Global Center of Excellence in Jaipur...
12/28/201603:02:00Ahead of the Tape: Trump Gives 'Dogs of the Dow' Pause -- WSJ
12/27/201616:28:00Donald Trump Dogs Dow Strategy -- Ahead of the Tape
12/23/201616:56:02Statement of Changes in Beneficial Ownership (4)
12/22/201616:33:42Current Report Filing (8-k)
12/21/201618:00:00Red Hat CFO to Depart, Profit Rises 45%
12/15/201603:02:00Silicon Valley Finds Gentler Tone in the Tower -- WSJ
12/15/201603:02:00GE's Software Future Starts With Hardware -- WSJ
12/14/201622:08:00Top Tech Executives to Meet Trump to Talk Jobs, Regulations...
12/14/201618:05:00Jury Rules for Arista in Cisco Copyright Case--Update
12/14/201617:09:19Statement of Changes in Beneficial Ownership (4)
12/14/201617:07:19Statement of Changes in Beneficial Ownership (4)
12/14/201617:04:15Statement of Changes in Beneficial Ownership (4)
12/14/201617:02:54Statement of Changes in Beneficial Ownership (4)
12/14/201617:00:44Statement of Changes in Beneficial Ownership (4)
12/14/201616:59:17Statement of Changes in Beneficial Ownership (4)
12/14/201616:57:55Statement of Changes in Beneficial Ownership (4)

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