+ Watch CSCO
on My Watchlist
Cisco Systems creates Internet Protocol-based routers and switches that move data, voice, and video packets across networks.
Cisco will under perform as evidenced by the layoff of 10,000 employees, indicating the corporate plan has not been in line with market demand. Yes, the layoffs will result in some positive bottom line results in the short-term, but today's (7/12/11) 2%+ price spike on the news is a good entry point to short and await the tough months of turning around this Titanic networking behemoth. Competitors have been nibbling at Cisco's high-tech carcass since it impaired itself with excess inventory at the time of the 2008 free fall. Even if Cisco does not fevolve from impairment to impalement, they will need a lot more of the old, nimble magic that allowed them to dominate their niche for nearly two decades. Good luck to Cisco and the 10,000 excellent workers who drove the growth and world-leading innovation for many years. Both will need a little reinvention to prosper again in this economy.
The only company that has paid me better for shorting than CSCO is of course, RIMM. And check out RSH for free money too. These companies are nothing more than paper machee has been losers. Kick a loser when they're down for free cash and you might just catch up with inflation
Where do I go 07/06/11 ??
I don't like fast manufacturing on East side.
+30% since amassafortune's advice is one of the many reasons to be an investor, not a player
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