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Cisco Systems Turns Lower Falling 6.7%

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Tech bellwether

Cisco Systems

(CSCO)

turned lower, falling 6.7% in active midmorning trading just as its annual analysts' conference was set to get under way. The networking giant was expected to offer an upbeat outlook at the event, which takes place today and Tuesday. Other network stocks were also slipping slightly.

Nortel Networks

(NT)

was down 1.7%,

Ciena

(CIEN)

was down 1.1% and

Sycamore Networks

(SCMR)

was down 1.1%.