Tech stocks closed modestly higher a day ahead of Cisco’s (NASDAQ: CSCO) quarterly earnings report, but blue chips sagged despite a couple of blockbuster mergers.
Cisco was down a fraction ahead of its results. Analysts are looking for earnings of 31 cents a share on a 15 percent sales decline to $8.7 billion, according to Thomson Reuters, but more importantly will be Cisco’s comments about order trends.
Cisco also announced a technology partnership with EMC (NYSE: EMC) and VMware (NYSE: VMW).
Chip stocks were weak after Morgan Stanley sounded a warning about rising inventories. Intel (NASDAQ: INTC) and Applied Materials (NASDAQ: AMAT) were lower on the news, and Micron (NYSE: MU) and SanDisk (NASDAQ: SNDK) fell on a Wedbush Morgan downgrade.
AMAT will reports its earnings on Nov. 11. HP (NYSE: HPQ) will report on Nov. 23, and Dell (NASDAQ: DELL) on Nov. 19.
Research in Motion (NASDAQ: RIMM) rebounded strongly a day after a Citi downgrade on competition from Google’s (NASDAQ: GOOG) Android.
Sonic (NASDAQ: SNIC) surged on a video download partnership with Best Buy (NYSE: BBY).
Ness Technologies (NASDAQ: NSTC) fell 18 percent on its results and guidance.

John is the author of E-Mail Marketing for Dummies and co-author of the comprehensive desk reference Web Marketing All-In-One for Dummies. John is presently the Director of Training and Certification. I recently had the opportunity to sit down with him and talk with him about Constant Contact and email marketing trends. Here is a transcript of that interview: