Interesting that the mainstream business press seems to conclude Cisco’s results are indicative of a broad tech spending drop, despite the fact that other tech players, e.g., Apple and Microsoft, beat quarterly earnings expectations
Reduced technology spending by big companies around the globe led Cisco Systems, the world’s largest maker of networking equipment, to miss analyst expectations as it reported fourth quarter and annual results.
Shares in the bellwether tech group fell more than 8 per cent in after-hours trading.
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