Wednesday, November 10, 2010

Cisco disappoints analysts in after hours. Stock drops 15%.

In after hours tonight, according to, Cisco forecast sales and profit for this quarter that fell short of analysts’ estimates, sending the shares down as much as 15 percent in late trading. This will have an impact on the Dow tomorrow as the Fed will have to start to use QE2 to help prop up stocks, as many sell Cisco shares.

To read this article on the announcement, click here and a commentary on Yahoo here.

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