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Cisco stock tumbles on bearish tech outlook »

Posted by: MyWayOnNow 10 months ago

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Shares of Cisco Systems declined in Thursday's premarket trading session, after analysts said big U.S. corporations are cutting back spending as the domestic economy softens.

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    MyWayOnNow10 months ago

    "Sharply lower demand from the financial and automotive sectors caused Cisco's softness in the U.S. enterprise market during the quarter"

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