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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

01/25/17 at 12:53 PM CST

 

 

READ: 4

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

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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