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Unformatted text preview: 500) and other major Wall Street banks pulling down the financial sector and the overall weakening of the U.S. economy, Cisco investors have grown edgy. The stock is down 29% from its 52-week high of $34.24 in November. A Cisco representative declined to comment on the travel and vacation memo, but wrote in an e-mail that the company "constantly reviews ways to streamline and optimize business processes for improved efficiency and increased shareholder value. We are going to be aggressive, which means we may prioritize in some areas of expense in order to be aggressive in others," the spokesperson continued. Analysts say the company has slimed down its staff in a few places and is considering additional bigger cuts if necessary. Cisco hasn't had massive layoffs since the collapse of the Internet bubble, so any major cuts are likely to draw renewed parallels....
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- Spring '09