NEW YORK SHARES NEWS - Stocks set for mixed open after Cisco earnings - Philadelphia Inquirer NEW YORK SHARES NEWS - Stocks set for mixed open after Cisco earnings - Philadelphia Inquirer

Thursday, February 5, 2009

NEW YORK SHARES NEWS - Stocks set for mixed open after Cisco earnings - Philadelphia Inquirer

NEW YORK - Wall Street headed for a mixed open Thursday as troubling results from Cisco Systems Inc. weighed on technology stocks. Cisco, the world's largest maker of computer networking equipment, posted a 27 percent drop in profit late Wednesday in BUSINESS NEWS >

Networking company Cisco has warned of multiple vulnerabilities in its wireless LAN controllers. There are three denial-of-service (DoS) vulnerabilities and one privilege-escalation issue, the networking company said in an advisory on Wednesday. The in BUSINESS NEWS >

HOUSTON— Stage Stores Inc. said Thursday that its January same-store sales dropped 13.1 percent as consumers continued to curb their spending due to the recession, but the company said it is "comfortable" with Wall Street profit estimates. Analysts in BUSINESS NEWS >

Wall Street headed for a mixed open Thursday as troubling results from Cisco Systems Inc. weighed on technology stocks. Cisco, the world's largest maker of computer networking equipment, posted a 27 percent drop in profit late Wednesday and said in BUSINESS NEWS >

Cisco Systems may cut up to 6,700 staff following CEO John Chambers' forecast that revenue will drop more sharply than expected. Chambers said yesterday that 2,000 of Cisco's 67,000 would go soon . H e expected sales in the current quarter to fall 15 in BUSINESS NEWS >

LONDON, Feb 5 (Reuters) - European stocks are set to open sharply lower on Thursday, tracking weakness in the United States, according to financial bookmakers. Financial spreadbetters expected Britain's FTSE 100 .FTSE to open down 47 to 63 points, or in BUSINESS NEWS >

US stock index futures were mixed Thursday ahead of central bank decisions in Europe and retail sales data that will show how tight US consumers are keeping their wallets closed.   FOR INVESTORS Check Futures Here Click Here for Credit Spreads in BUSINESS NEWS >

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