Tech stocks were modestly up Tuesday along with the major market indices.
Cisco(CSCO Quote) was up 41 cents, or 1.9%, to $22.40 ahead of its fourth-quarter results. Analysts expect the company to report earnings of 39 cents a share on revenue of $10.3 billion, compared with earnings of 31 cents a share on revenue of $9.4 billion, the year before. Semiconductor company Infineon Technologies(IFX Quote) added 47 cents, or 6%, to $8.28 following reports that chip maker Qimonda(QI Quote) may be close to selling its stake in a joint venture Qimonda has with Taiwanese company Nanya. Infineon holds a significant stake in Qimonda. Shares of Qimonda(QI Quote) were up 5 cents, or 3%, to $1.70. Sprint Nextel(S Quote) was up 27 cents, or 3.3%, to $8.40, a day ahead of the company's second-quarter results. Analysts are expecting earnings of 3 cents a share on revenue of $9.16 billion during the quarter, compared with earnings of 25 cents a share on revenue of $10.16 billion a year ago. Video games publisher Midway Games(MWY Quote) fell $1.24, or 31.1%, to $2.70 following its second-quarter results. The company reported a loss of 29 cents a share on revenue of $23.4 million, compared with a loss of 12 cents a share on revenue of $31.8 million a year ago. Shares of Rackable Systems(RACK Quote) were down $2.55, or 20.3%, to $10 after it posted a deeper-than-expected loss in the second quarter. Revenue for quarter fell to $76 million from $82 million a year ago but was in line with analyst estimates. Gross profit margin fell to 9.2% from 23.5% in the first quarter.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.62
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |














