Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

edged up 0.2% into positive territory by midafternoon after falling in the morning on a

Sanford C. Bernstein

downgrade along with

Nortel Networks

(NT)

.

Bernstein predicted a slowdown in telecom equipment spending but

Merrill Lynch

and

TheStreet Recommends

Salomon Smith Barney

countered by reiterating their buy ratings on the companies. Nortel, also lower early, was recently up 4.2%.

Other networking and optical stocks recovered after being hit by fallout from the downgrade.

JDS Uniphase

(JDSU)

was up 0.5% and

Corning

(GLW) - Get Corning Inc Report

rose 0.5%.

Lucent

(LU)

broke out of its long slide early today and gained 10.2% after trading around two-year lows this week.