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Tech Winners & Losers: Cisco

The company's shares are up on expectations that it will beat analyst estimates in the fourth quarter.

Tech stocks were modestly up Tuesday along with the major market indices.

Cisco

(CSCO) - Get Cisco Systems, Inc. Report

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)

added 47 cents, or 6%, to $8.28 following reports that chip maker

Qimonda

(QI)

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

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TheStreet Recommends

Qimonda

(QI)

were up 5 cents, or 3%, to $1.70.

Sprint Nextel

(S) - Get SentinelOne, Inc. Class A Report

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)

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)

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.