1. Long,mid,short turn downtrend,losing stock performance momentum. 2. Consistantly losing core routers market shares to jnpr;core routers are csco's bread and butter. Losing business momentum. 3. It's hard for an 800 pound gorilla to move to fight with smaller competitors,like jnpr,rbak... Losing technology momentum. 4. For the forthcoming qtrs,the earning is getting more and more challenging for the qtrs to come. Havn't see the bottom yet. Losing earning momentum. 5. Both earning and revenue are decelerating. Losing earning and revenue growth momentum. 6. Seriously underperform the Nasdaq index and qqq. Losing the leadership momentum in the Nasdaq technology market. 7. Harder to recruit and keep talent employees. Losing the people talent momentum ----> Losing the technology lead. 8. csco was once the networking and technology darling, beloved by every institution. Was core holding for every fund. Now csco becomes a beaten down dog with so many downgrades. Losing the institution sponsership momentum. 9. (reserved for you to fill the blank). 10. Losing all c.a.n.s.l.i.m. momentum.
Under this bad macro environment, csco is truely a 'sell' rating. As where is the bottom, I don't see it yet. maybe the bottom of Pacific Ocean is csco's bottom.