Daily Views for February 7, 2008
Tags: Cisco (CSCO); Juniper (JNPR); Alcatel-Lucent (ALU); Abbott Labs (ABT); Bristol-Myers (BMY); Schering-Plough (SGP); Medarex (MEDX) 11 am ET…February 7, 2008 --- Comment on Markets, Companies & Events in the News A Safe Haven from Funk… Big Tech continues to introduce a funk into investors’ psyche. Cisco (CSCO: $23.08) reported quarterly results after Wednesday’s market close that met expectations, however, a forecast for 10% sales growth was less than the 15% forecast Wall Street analysts were expecting. Cisco was off 8% in pre-market trading. Already near its 52-week low, Cisco is poised to set a new trough, a stock price…