10:26 ET Cisco Systems (CSCO) 12.96 +0.19: -- Correction -- We incorrectly stated at 10:07 that CSCO made cautious comments at the Salomon Smith Barney tech conference; in fact, Cisco was not making cautious comments - Salomon was making cautious comments about CSCO.
10:24 ET Sector Watch: Semiconductor : Better than 6% surge in early trade has been led by Intel (+8.2%) and the semi equipment components (AMAT +6.5%, KLAC +6.5%, NVLS +7.1%) but the index (SOX at 290) has edged slightly off of the best level of the day after testing resistance in the 292/293 area. Intraday supports are at 288 and 285. Continued posture above here leaves the door open for an extension. Next resistance is at 296/297. Support for the Semi HOLDRs is at 23.30, 23.10 and 22.8.
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