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Tech Stocks Ride on Cisco's Outlook
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Updated from 7:59 a.m. EDT
Looking for signs of a tech recovery, investors are turning their eyes to Cisco's (CSCO Quote) earnings report after the bell Wednesday.
Cisco's April quarter sales are expected to show another a steep decline, somewhere in the range of 20% down from year-ago levels, but Wall Street is tuning in for CEO John Chambers' special message on the business outlook.
So far, gear peers like Alcatel-Lucent (ALU Quote), Ericsson (ERIC Quote) and Juniper (JNPR Quote) have not exactly offered a rosy forecast for the current quarter as telcos remain stingy on orders. ...
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