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Cisco Wows Wall Street
Updated from Aug. 8
Cisco (CSCO Quote) opened 13% higher Wednesday after CEO John Chambers guided toward stronger-than-expected revenue growth for fiscal 2007.
"We are gaining market share against nearly all our peers in the service provider segment," Chambers said on a postclose conference call. The rally partly reverses a sharp decline in Cisco shares since they hit $20 just ahead of the nation's July 4 holiday. ...
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