chambers

Yet another major tech company has announced severely depressed quarterly profits . Cisco Systems, the network and communications giant that employs 66,000 people, recently revealed that it saw profits fall 27 per cent as the global economy ... continues its slide. According to Cisco, for the three months prior to January 24 the company saw profits dip from $2.1 billion in 2008 to just $1.5 billion this year. As one might expect, quarterly sales were also down, dipping 7.5 per cent from the same period last year. (Source: bbc.co.uk ) Company shares are down, too. Cisco earnings per share floated ... (view more)