In a market that is so
-- and believe me, this is Cisco-dominated -- just the sheer possibility that someone might take Cisco shares on Sysco saying something positive required that our trader shout out the good news for the food broker. (By the way, we still call Cisco "Chisco" so as not to confuse it with Sysco.)
Meanwhile the rumors of a negative accounting story about Cisco -- rumors that I know to be untrue -- dogged the stock momentarily again.
I hate to sound like a Cisco Moonie, I would bet that when the
tries to steer people toward the right thing to do, they say, "Why don't you do it the Cisco way?" It works closely enough with the agency on these mergers for me to believe that it is as blessed as you can get in this country.
But then again, if you are short this stock and you are desperate to bring that short in, you don't really give a darn that it is illegal to spread such rumors.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Cisco. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at