Cisco losses highlight broad tech declines
SAN FRANCISCO (MarketWatch) — Losses from Cisco Systems Inc. led action in the tech sector Thursday, with the networking equipment maker’s shares falling almost 6% to $16.73. Late Wednesday Cisco reported upbeat fiscal third-quarter results, but gave a fourth-quarter forecast that fell short of Wall Street analysts’ estimates. With Cisco in the lead, declines also came from Dell Inc. , Google Inc. and Intel Corp. . The Nasdaq Composite Index fell almost 26 points to 2,820.
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