Cisco Slammed

Despite a Cisco downgrade that has whacked the tech giant, the Nasdaq continues to hold up well. The Cisco downgrade comes a little late in the game for a stock that is nearly 50 points below its all-time high of last March. No bonus for the genius that finally decided Cisco had problems. While Cisco may see tech spending slow down in coming quarters, it is this type of late-in-the-game downgrade that sometimes marks a bottom. Cisco is off 2 1/16 to 35 1/16 while the Nasdaq is up 1.8% with a half hour to go.