Tech Winners & Losers: Cisco - TheStreet

Tech Winners & Losers: Cisco

The company's shares are up on expectations that it will beat analyst estimates in the fourth quarter.
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Tech stocks were modestly up Tuesday along with the major market indices.


(CSCO) - Get 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


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



may be close to

selling its stake

in a joint venture Qimonda has with Taiwanese company


. Infineon holds a significant stake in Qimonda.

Shares of



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

Sprint Nextel

(S) - Get 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


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


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.