Can Cisco Get Its Act Together?
Cisco Systems (CSCO) has transformed itself from well-respected tech giant into perennial loser in the last two years, spiraling lower in a persistent downtrend that's dumped the stock within two points of its 2009 bear-market low. The San Jose-based company is currently the second worst performer in the Dow Industrial Average, just ahead of basket case Bank of America (BAC).
This fall from grace is a staggering failure, especially in a secular uptrend that lifted many tech stocks to all-time highs. An aging product line, loss of market share and a bumbling chief executives have all been blamed for the paradigm-shifting decline but the truth is less complicated. The company just can't compete in a commoditized network marketplace, at least in its current incarnation....599 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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