Wednesday, November 4, 2009
Cisco Tops Estimates
As its recent buying binge–three acquisitions in October, alone–suggests, Cisco’s business is in decent shape these days. Reporting first-quarter results after market close today, the company handily beat Wall Street estimates.




MySpace has extended its war on bloat overseas. This morning the company announced plans to close at least four of its offices outside the U.S. in a bid to reduce costs. Some 300 of the company’s 450 international employees will lose their jobs as a result.