The Cisco Kid Hangs Tough

Last night's 10-Q indicated a slowdown in Cisco's growth, but Cramer is keeping the faith.
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Our confidence builds even as the stock declines. We check the

Cisco

(CSCO) - Get Report

10-Qs

from past filings and the language reads almost exactly the same!

But we still get hit as

CNBC

comes with a bulletin saying there is a big slowing in orders. For us it is the badlands writ large, sellers everywhere. We feel a little like

Gary Cooper

in

High Noon

, with all of these baddies getting off the train and we have nobody but,

Matt "Grace Kelly" Jacobs

helping

Jeff

and I as we don our Cisco badges.

Still no lift, but our homework says stay the course and keep the ammo coming.

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

jjcletters@thestreet.com.