The airlines in particularly weighed heavy on the transports and rolled over into the general market. There was a bubble there imo!
Buy CSCO Now
Wim Elfrink, Cisco's executive vice president for industry solutions recently wrote in a blog...
"Today, 37% of total device connections to the Internet come from industrial applications, and industrial connections will surpass consumer-based connections in 2017. IoT serves as the technology foundation in the continuing technology evolution toward the Internet of Everything (IoE), which is the intelligent networked connection among people, process, data AND things. IoT is an $8 trillion opportunity; IoE promises $19 trillion in global economic value over the next decade if we establish the right building blocks for widespread adoption."
i could kick myself in the #$%$ for not riding that NFLX train! Keep thinkin it would derail but hasn't happened.
Very few posts here are relevant to CSCO!
This is John Chamber's last time to howl as CEO. He will be appearing on CNBC this evening after earnings are announced. Maybe we'll get a little bounce in technology stocks if he can give us something positive for future earnings!