Cisco CEO Sees Challenging IT Spend Climate in Europe
In addition to the recent Cyber Security hype proving to be largely baseless, Cisco today reported results and the CEO said Europe (especially the Southern portion) is a challenging IT spend climate. This is going to also create a challenge for Symantec, just as I've been warning, just as I forewarned about the Cyber Security hype being mostly hot air. Currency exchange rates may also play a further factor.
DO NOT FALL FOR THE HYPE, especially from the editorials. Symantec shares are currently over extended after a long run. Please do the homework and understand all the various risks before taking new positions at the current levels. It is way too early in a long, complicated corporate transition (with very uncertain outcome) to take new long-position-risk at the current share price. If already long and holding then be sure to at least stay protected.