Hard to tell. The entire communication industry (Nortel/JDS Uniphase/Cisco/Cienna) is stagering these days. I play a bit with Nortel. Last week, the market was mostly on the rise, but NT/CSCO/JDSU/CIEN didn't increase at all. I guess they will end up to increase somewhat in the upcoming two weeks because they'll follow the wave of the rest of the IT titles that should gain value due to the succession of good news of last week, but I don't think the communication companies will increase as much as some others, like ATY and AMD for instance. Their good retail results should help them a lot.
Don't buy NVDA or IBM in the near future. These title are very risky due to the doubts placed on their financial reports' numbers lately. If the FBI finds something wrong in their investigation on them, you'll be screwed.
We'll see, but the near future is filled of mist. If I were you, I wouldn't sell CSCO yet, you don't loose too much on it anyway and I think it's better to wait for now.