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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
07/29/201516:38:36Amended Current Report Filing (8-k/a)
07/28/201509:30:00Networking and Communication Devices Stocks Under Review -- Cisco...
07/27/201512:50:06Cisco Recruits Two Outsiders for Senior Posts
07/27/201512:43:49Cisco Recruits Two Outsiders as Executives
07/24/201518:00:08Cisco Drops Data-Storage Hardware Line
07/24/201517:19:13Cisco Drops Data-Storage Hardware Line
07/24/201516:31:25Statement of Changes in Beneficial Ownership (4)
07/24/201516:30:59Statement of Changes in Beneficial Ownership (4)
07/23/201518:29:12Technicolor to Buy Cisco Set-Top Box Unit for About $600 Million...
07/23/201502:30:07Technicolor to Buy Cisco Set-Top Box Unit for $600 Million
07/23/201501:45:10Technicolor to Buy Cisco Set-Top Box Unit for About $600 Million
07/17/201519:34:46Google's Share Price Crosses $700, Sets All-Time High -- 4th...
07/16/201513:00:02Cisco's Growth Depends on Software and Services
07/13/201510:10:06BlackBerry Hires Cisco Executive to Lead Global Sales
07/13/201510:04:03BlackBerry Hires Cisco Executive to Lead Global Sales
07/10/201511:00:06Is Hewlett-Packard a Threat to Cisco?
07/09/201508:00:00Cisco Commits US $1 Billion to Accelerate UK Digital Economic...
07/09/201508:00:00Cisco Commits US $1 Billion to Accelerate UK Digital Economic...
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

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