Midday markets: Cisco fuels tech-stock gain
Economic news created some mixed results on the broader markets by midday Wednesday, but techs gained on an upside earnings surprise from Cisco (Nasdaq: CSCO). The Nasdaq rose 49.
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Cisco earnings on the money
As usual, Cisco Systems Inc. (Nasdaq: CSCO) cruised past analysts' estimates in its first quarter Tuesday, pocketing $837 million, or 24 cents a share, on sales of $3.
Cisco's inventory concerns rattle chip stocks
Cisco Systems Inc. slipped Tuesday after its first-quarter earnings report, while its statementsabout inventory levels spurred a ripple of analyst actions and falling communications chip stocks.
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.
Investor PM: Techs slip despite chip-equipment rally
Technology investors lost their enthusiasm by market close Thursday, even after a chip-equipment rally and good economic news helped them shake off Cisco Systems-inspired blues earlier in the day. The Nasdaq fell 27.
Investor PM: Techs feel Cisco's disappointment
News that Cisco Systems' heady growth may be over weighed heavily on technology stocks Wednesday. The Nasdaq fell 42.
Investor Midday: Cisco drags down techs
Cisco System's third-quarter report after the bell took technology stocks for a tumble at midday Wednesday. The Nasdaq fell 27.
Investor Midday: Investors shrug off Cisco warning
Two economic reports helped investors shrug off Cisco's warning at midday Tuesday. The Nasdaq rose 10.
Investor AM: Cisco's no class-action suit
Cisco Systems has been demoted to class-action lawsuit status. The crime?
Investor Midday: E-data rally
Cisco Systems led technology stocks into a full-blown rally at midday Monday as economic data helped boost confidence that the United States can steer clear of a recession. The Nasdaq rose 82.