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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
05/24/201617:13:35Quarterly Report (10-q)
05/19/201610:10:00MARKET SNAPSHOT: U.S. Stocks Fall At The Open As Rate-hike Fears...
05/19/201603:04:00Cisco Tops Expectations As Firm Branches Out -- WSJ
05/18/201619:59:00Cisco Tops Expectations as It Branches Out
05/18/201617:10:00Cisco Gives Solid Outlook, Though Profit Edges Lower
05/18/201616:53:00Cisco Gives Solid Outlook, Though Profit Edges Lower
05/18/201616:12:02Current Report Filing (8-k)
05/13/201603:03:00U.S., Chinese Firms Team Up on Sensor Networks for 'Smart Cities...
05/12/201620:54:00U.S. and Chinese Tech Firms Team Up on Sensor Networks for 'Smart...
05/12/201616:08:00U.S. and Chinese Tech Firms Team Up on Sensor Networks for 'Smart...
05/11/201608:30:00Insight Enterprises Achieves Cisco Gold Certification in North...
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

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