Galaxy S23 Leak ChatGPT and Bing Father of Big Bang Theory 'The Last of Us' Recap Manage Seasonal Depression Tax Refunds and Identity Theft Siri's Hidden Talents Best Smart Thermostats
Want CNET to notify you of price drops and the latest stories?
No, thank you

MIDDAY MARKETS: Lucent drags down techs

Techs struggled to stay in positive territory at midday Tuesday after a disappointment from Lucent Technologies. The Nasdaq was up 18.23 to 2,893.87 and the Dow Jones industrial average edged up 27.68 to 10,490.33.

The Inter@ctive Week @Net Index fell 23 to 361.78.

Agilent Technologies Inc. (NYSE: A) was up 11 percent Tuesday after reporting fiscal fourth-quarter net income more than doubled and that sales will rise 20 percent or more this fiscal year.

Lucent Technologies (NYSE: LU), down 2.94 to 18, said that it might have to cut $125 million from its reported fourth quarter sales on account of a revenue recognition problem.

PRI Automation Inc. (Nasdaq: PRIA), up 0.69 to 20.63, reported fourth quarter earnings Tuesday that beat the Street's consensus, along with some hefty charges due to previously announced manufacturing problems.

ValueVision (Nasdaq: VVTV), down 0.31 to 18.62, said that it will rebrand its home shopping channel and Web site using the NBC peacock.

Finally, a dot-com arm has grown up to take care of its parent instead of rushing back to the nest. Ticketmaster Online-Citysearch Inc. (Nasdaq: TMCS), up 0.44 to 13, said it will buy Ticketmaster Corp.

Amazon (Nasdaq: AMZN) fell 0.69 to 25.13, AOL (NYSE: AOL) dropped 2.08 to 45.01 and Yahoo! (Nasdaq: YHOO) lost 4.38 to 44.5.

Cisco (Nasdaq: CSCO) was up 2 to 53.25, Oracle (Nasdaq: ORCL) dropped 0.06 to 24.69, Intel (Nasdaq: INTC) rose 1.5 to 42.63 and Microsoft (Nasdaq: MSFT) gained 1.31 to 68.5.