SAN FRANCISCO (MarketWatch) – Technology stocks struggled for direction Tuesday, as the sector awaited what Cisco Systems Inc. claimed would be a “significant announcement” about its plans for the Internet.

Shares of blue chip Cisco (CSCO 25.10, -0.13, -0.50%) traded flat at $26.13 in advance of a company event in which Cisco said it would “forever change the Internet and its impact on consumers, businesses and governments.” Read more about Cisco’s plans.
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Under pressure, shares of Texas Instruments Inc. (TXN 24.01, -0.68, -2.75%) gave up 74 cents, or 3%, to $23.95. Late Monday, the communications chipmaker narrowed its revenue and earnings forecast ranges during a mid-quarter update. See full story.

The Nasdaq Composite Index (COMP 2,343, +11.04, +0.47%) rose 2.7 points to 2,335, a day before the 10th anniversary of the market gauge reaching its all-time high — more than 5,000 points — during the initial dot-com bubble. See MarketWatch’s full report on the dot-com anniversary.

Among other tech stocks, gains came from Apple Inc. (AAPL 223.26, +4.18, +1.91%) , EMC Corp. (EMC 18.64, +0.22, +1.19%) , Oracle Corp. (ORCL 24.99, +0.29, +1.16%) , Hewlett-Packard Co. (HPQ 51.92, +0.19, +0.37%) and Microsoft Corp. (MSFT 28.86, +0.23, +0.80%) .

Decliners included Dell Inc. (DELL 14.26, +0.25, +1.78%) as well as blue chips IBM Corp. (IBM 125.42, -0.99, -0.78%) and Intel Corp. (INTC 20.86, +0.09, +0.43%) .

Rex Crum is a reporter for MarketWatch in San Francisco.

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