BROKER BUZZ LIFTS NET SHARES.Byline: Aimee Picchi Bloomberg News Amazon.com Inc., Yahoo! Inc. and other Internet stocks rose after Morgan Stanley
Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. Inc., the No. 1 maker of the equipment used to link computers to the Internet, also got a boost, rising 4.7 percent to a record on optimism that increased use of the global computer network will drive demand for its products. Amazon, Cisco and other Internet-related stocks have surged in the past two months on expectations for strong holiday sales as more consumers forsake crowded malls for the World Wide Web. Seattle-based Amazon.com rose $32.0625 to $318.75, while Santa Clara-based Yahoo! surged $35.1875 to $247.50. Both closed at all-time highs. Cisco jumped $4.25 to $94.6875 in trading of 21.1 million shares, making it the second-most active U.S. stock. |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion