The Cisco Kid ($CSCO) has hit puberty and the picture is not pretty. Over the years, the company was always good for an earnings beat. Not so much anymore, two awful reports in a row including last night’s…
Those who listened to the call were amazed at the rambling length of chairman John Chambers’s’s’s remarks. And the company is still mumbling about a 1% dividend one day, maybe. Sorry John.
The stock is giving up a whopping 12% right now and weighing down the entire Nasdaq/tech stock universe. And if you think I’m being harsh, wait til you read what IBD’s Click blog has to say:
Cisco Has Become the Kmart of Network Gear makers (IBD Click)
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