Cisco Systems kept tech stocks under pressure Wednesday after delivering sales guidance that left room for disappointment.
Cisco reported solid growth in its April quarter, handily beating Wall Street estimates. But the company's June quarter sales could come in below forecasts, showing that the networking giant isn't completely immune from a slowdown that has hit competitors like Juniper Networks. cisco gbic 1000base sx sc mm - Compare prices at Sortprice.com ::
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Cisco shares lost 4.3% on the day. Chip stocks were among the weakest sectors, shedding 2.5%.
The broader market was mixed after the Federal Reserve hiked interest rates for the 16th time in 23 months and suggested that it may pause — if the economic data allows. It wasn't quite what traders were hoping for, but close. An Examination of Fundamental Indexation by Jason C. Hsu Research ::
Your browser may not have a PDF reader available. Google recommends visiting our text version of this document.At $4 and $5 mispricing, the return drags are 1.90% and 3.33% . a premium in 1999, like Cisco, Worldcom, AOL, and other tech names would not receive
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End of Tech Run? Fortune Thinks So::
My take on the article is that there some merit to the big-picture economic consensus that credit woes and high energy prices could drag the tech sector
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The Nasdaq lost 17 to 2320, the S&P 500 slipped 2 to 1322, and the Dow added 3 to 11,542, 80 points from the index's all-time high. Volume rose to 2.27 billion shares on the NYSE, and 2.06 billion on the Nasdaq. Decliners led 17-14 on the NYSE, and 18-11 on the Nasdaq. Downside volume was 55% on the NYSE, and 68% on the Nasdaq. New highs-new lows were 220-103 on the NYSE, and 189-70 on the Nasdaq. InternetNews Realtime IT News - Drag-and-Drop Editor Out for Linux ::
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Baidu.com rocketed 37% on its results, and Symantec and Aspen gained on their earnings reports.
Transmeta and Asyst plunged on their results.
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Cisco Drags Techs Lower 
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