By John Biggs
It’s been a weird decade for Cisco (CSCO). After being a dot-com darling in the late 1990s (everyone wanted a few Cisco routers for their door-to-door pet food delivery services), the company tried its hand at consumer products with the Flip video camera series and, a little while later, Linksys routers. It seems, then, that Cisco's grand consumer experiment is over.
By Jim Van Meerten: Cisco Systems (CSCO) seems to be doing all the correct measures in its bid to reorganize and stay profitable. Recently they identified over $1 billion in possible cost savings and have cut their work force by over 13,000. Recent price momentum over the past month has been positive as this hourly trading chart provided by Barchart shows: