Once the Most Valuable Company on Earth, Cisco Systems Looks to Rebound From Decade of Stagnation
Money Morning submits:
By David Zeiler
At the height of the 1990s Internet boom, Cisco Systems Inc. (Nasdaq: CSCO) wasn't merely the ultimate tech titan.It was the most valuable company on earth.Cisco - the maker of the switchers and routers that form the backbone of the Internet - saw its shares zoom 66,000% during that decade, thanks to booming PC sales, the exploding popularity of the Internet, and the widespread realization of the value of networking.That mesmerizing surge gave the San Jose-based company a peak market value of $555.4 billion, a total that's never been approached again - by Cisco or any other firm.In 2000, however, the Internet bubble burst - derailing the Cisco Express. Now one of the world's biggest tech firms, the growth rates of 40% to 50% that had propelled Cisco throughout the 1990s became impossible to sustain - and even fell to the single digitsComplete Story »
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