Word: cisco
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...made the last month so hellish have already been fired. If there was really bad news out there, goes the reasoning, they would have warned us like Intel did. The bad scenario is that, well, they didn't. And that six months after those high-flyers like Yahoo, Amazon, Cisco, AOL got shot down in April and for the most part stayed down, there's still a whole lot of shakin...
...This sounds like a Cisco router issue, either software or hardware gone haywire," he said...
...where the overall high-tech winds are blowing. It's a member of the Dow, NASDAQ and the S&P, which is the practical reason why Wall Street's trio of indexes all tanked on the news. But the spiritual malaise is just as contagious; Microsoft, Dell and Cisco all took overnight hits as well. Intel's announcement also comes early in a third-quarter earnings season that investors are nervous enough about already. Bad earnings news revives fears that Greenspan's soft landing may be a rocky one for corporations...
...heavy lifting was done by a few. JP Morgan, a Dow component, shot up 16 points on speculation that they're due for a merger (word is the old-school suits over there will hold out for an extremely dignified deal). Intel, Cisco Systems and Oracle drove NASDAQ, basically because they're the best bets in a rather shaky tech sector, and investors like to have their portfolios nice and fat before the long weekend...
...long shots VCs do. The focus of meVC is on private and pre-IPO companies. But VCs get big cuts, and with annual fees of 2.5% and 20% on realized gains, you'd better pray one of the 12 tech companies it's invested in becomes the next Cisco...