Investor Midday: Techs perk up

Technology stocks perked up Wednesday on reports that information technology spending could be stabilizing after months of declines. The tech-heavy Nasdaq rose 10.15 points to 2,178.39.

The Dow Jones industrial average dropped 93.17 points to 10,805.17, and the Inter@ctive Week @Net Index gained 4 points to 212.92.

The buzz on Wall Street centered around Cisco Systems (Nasdaq: CSCO), which recently warned investors it would miss quarterly estimates and took a huge write-off for unsold inventory. Full story. --Margaret Kane, ZD Inter@ctive Investor