Cisco's Down, and So Is Tech

Investors fear that the gearmaker's bearish forecast in the current quarter is a harbinger of slower tech growth overall
Cisco CEO John Chambers. Justin Sullivan/Getty Images

Three months ago, Cisco Systems (CSCO) Chief Executive John Chambers sparked a sell-off in technology stocks when he highlighted soft spending by U.S. companies. The comments left investors asking whether the decline would persist. On Feb. 6, they got their answer.

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