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TECH STOCKS: Techs Edge Higher, But Zynga, NetApp Fall

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were modestly higher on Tuesday, but shares of Zynga Inc. and NetApp Inc. gave up early gains to close in the red. The Nasdaq Composite Index (RIXF) edged up 0.6% to close at 2,854. After posting gains early in the session, Zynga (ZNGA) fell 5% to close at $5.76 as the company unveiled new games at a company event in San Francisco. NetApp (NTAP) lost 1.2% to close at $29.66 as the data-storage-systems company held its analyst day. Meanwhile, Microsoft Corp. (MSFT) saw its shares rise 0.5% to close at $30.02, one of the top gainers on the Dow Jones Industrial Average(DJI) . The Dow was up 32 points as Wall Street welcomed news of modest improvement in housing prices. 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."

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
07/07/201518:43:35Change in C-Suite: Why the Boss Is Younger Than You Are
07/07/201511:40:06Cisco to Buy Cloud Platform MaintenanceNet
07/07/201511:34:20Cisco Plans to Buy Cloud Platform MaintenanceNet
07/01/201511:00:02Cisco Systems Inc.: Spending $635 Million to Join the Best Internet...
06/30/201519:49:38Cisco to Buy Network Security Company OpenDNS -- Update
06/30/201514:33:24Cisco to Buy Network Security Company OpenDNS -- Update
06/30/201510:50:30Cisco to Buy Network Security Company OpenDNS
06/30/201509:40:07Cisco to Buy Network Security Company OpenDNS
06/30/201509:21:21Cisco to Buy Network Security Company OpenDNS
06/22/201517:42:03Exclusive: Red Hat Inc. CEO On Q1 Results, Internet of Things...
06/22/201512:22:44Why Polycom Inc. Stock Dropped Today
06/22/201509:10:16Red Hat Names Calderoni Financial Chief
06/20/201515:15:03The Internet of Things and Cisco Systems Inc: A Match Made in...
06/19/201518:09:51Statement of Changes in Beneficial Ownership (4)
06/19/201518:09:06Statement of Changes in Beneficial Ownership (4)
06/19/201516:18:07Securities Registration: Employee Benefit Plan (s-8)
06/18/201516:45:24Current Report Filing (8-k)
06/18/201507:04:06Cisco Plans to Invest $60 Million in India, CEO Says
06/17/201508:30:03Cisco Unveils $10 Billion China Plan
06/17/201508:02:59Cisco Unveils $10 Billion China Plan

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