KQED Nightly Business Report August 15, 2013
Game. The place china, the weapon a cheaper smart phone. That and more tonight on nightly Business Report for wednesday, august 14th. Good evening everyone. Cisco with earnings that top estimates and solid revenues but this quarter is worrying investors. John chambers is warning its revenue will be below wall street expectations and lay off 5 of its work force, thats about 4,000 people. Shares fell as much as 9 in after hours trading. Jon fortt joins us from san jose, john . One of the things that John Chambers said on the call is that cisco is having fits reading the Economic Data and that su...