Cisco down overnight on nearly triple their average daily volume (normal - 90 mill shares) last night over
240 million. 5.29% wiped off their share price. Is that a capitulation?
Oooh there will be some unhappy options holders today. PE still 34.
Other well known enemies of Cisco, Lucent and Nortel, both huge corporations - down to about 50 cents per share.
Its been a wild couple of years for the former darlings of the Nasdaq.
Cheers
Gumnut
