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Microsoft, another technology bellwether, had a good day.
Many were looking to Cisco, a technology bellwether, for indications that business was improving.
A technology bellwether, I.B.M., reported after the market closed that net income rose to $3.39 billion, or $2.61 a share.
Because I.B.M. is such a technology bellwether, other companies may follow it in adopting similar options plans.
Another technology bellwether, Matsushita Electric Industrial, said its profits in the first quarter of Japan's fiscal year slipped 22percentt.
Oracle is viewed as a technology bellwether because it sells software and high-end computers to companies and government agencies throughout the world.
Similar(24)
Technology bellwethers were also strong.
Technology bellwethers like Sun Microsystems, down 27 cents at $9.21, weighed on the Nasdaq.
Much of the optimism was linked to better-than-expected earnings from technology bellwethers like Applied Materials and Dell Computer.
FIRST-QUARTER earnings from technology bellwethers like Microsoft and Intel have been strong.
Among the losers were technology bellwethers like Microsoft, Intel and Apple Computer, all of which posted disappointing quarterly results.
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