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OT - CSCO
OT - CSCO - read an extremely down-beat story about how CSCO's
main business - routers/switches/hardware is in bad competitive
shap, so they just bought a software firm for $3.7 bln, to shore up
other parts of their business, apparently to help replace revs from
the hardware side. I have for some time been thinking about take a
stake, given the nice dividend. Did not know they were struggling
with their main business. Couldn't tell that from their stock price
- has jumped over $30 and not far from 52 week highs. Up .15
cents today. OTOH, NOK has been pretty consistenly red recently,
even on days like today when the market is flying. Yup, it's the
long-term view that counts, but I haven't found any solid story to
pin the recently activity on.
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