TECH STOCKS: Cisco, Intel Help Lead Broad Tech-sector Rise

Nov 16th, 2009 - CNNMoney

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Technology stocks rose in early trading Monday, led by sector leaders suchas Cisco Systems Inc., Apple Inc. and Oracle Corp. and upbeat reaction to thelatest national retail sales figures.

The tech-heavy Nasdaq Composite Index (RIXF) rose more than 27 points to 2,195, while the Philadelphia Semiconductor Index (SOX) climbed almost 2%. TheMorgan Stanley High Tech 35 Index (MSH) rose 1.2%.

Among tech stocks, Cisco (CSCO) shares rose 24 cents to $26.32. Before themarket opened, Cisco said it raised its bid for Norwegian videoconferencingequipment company Tandberg ASA. Cisco's new offer comes to $3.4 billion, up from$3 billion.

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