Several key tech companies managed to reverse their slide by midafternoon.

Hewlett-Packard

(HWP)

was up 7.8%and

Gateway

(GTW)

was up 8.4%.

Texas Instruments

(TXN) - Get Report

began rising after its CFO predicted higher third-quarter semiconductor revenue growth. The stock was up 2.6%.

Ciena

TST Recommends

(CIEN) - Get Report

slid at midday but then edged up 1%.

Oracle

(ORCL) - Get Report

dropped at the opening but climbed to a 0.2% gain.

JDS Uniphase

(JDSU)

also opened down but rebounded to a 2.4% gain. Some box makers continued to benefit from Hewlett-Packard's positive announcement.

Intel

(INTC) - Get Report

was down 20.6%.