RealTime IT News

Cisco Sends 'Em Higher

Cisco Systems sent tech stocks to another day of gains after CEO John Chambers said August orders were better than expected.

Cisco rose 3.3% to a 19-month high on the news, breaking through the $20 level, and the Nasdaq hit a new 17-month high.

The Nasdaq rose 11 to 1852, the S&P 500 added 4 to 1026, and the Dow gained 45 to 9568. Volume rose to 1.64 billion shares on the NYSE, and 2.34 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 18-13 on the Nasdaq. Upside volume was 63% on the NYSE, and 68% on the Nasdaq. New highs-new lows were 507-6 on the NYSE, and 506-6 on the Nasdaq.

After the close, Cypress boosted guidance.

During the day, Take-Two soared 22% on better than expected results.

Nortel surged 10% on a $1 billion deal with Verizon .

Veritas gained 3.4% after reaffirming guidance.

FindWhat.com climbed 4.6% on an acquisition.

WebMD was halted on news of an expanding federal investigation.

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