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



Bernstein predicted a slowdown in telecom equipment spending but

Merrill Lynch


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


was up 0.5% and


(GLW) - Get Corning Inc Report

rose 0.5%.



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