Cisco sends tech stocks on the rise

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Tech stocks are on the rise this morning led by Marconi after Cisco Systems announced yesterday that...

Tech stocks are on the rise this morning led by Marconi after Cisco Systems announced yesterday that orders for this quarter are meeting target. This boosted investor sentiment that the tech sector is going to know better days. The FTSE 100 was up 5.7 points to 5402.2 and the Techmark gained 4.70 points to 1514.76. Marconi, the UK phone equipment maker, gained 2.25p o 64. Matalan gained 20p to 555, when the discount-clothing manufacturer said it had appointed former director of Asda as chief executive. Centrica advanced 2p to 227.75p after the natural gas supplier said it has ag...

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