KQED Nightly Business Report August 14, 2014
Today pushed the Dow Jones Industrial average into positive territory for the year, up by a fraction but still on the plus side. But words of warning after the close from one of those dow stocks could temper the tone of trading tomorrow. Cisco systems is the closely watched tech bellwether company and on its earnings conference call, the ceo issued disappointing Earnings Guidance and announced plans to cut 6,000 jobs. As for its quarterly results, the computer networking equipment maker posted earnings of 55 cents a share, two cents more than estimates and revenues came in better than expected...