Cisco` s warning about tech stocks by Olga Hromkova

After Wall Street struggle in real estate sector and financial sector turned to technology stock, which could solve this problem. High technologies industry is more wide-spread in the world and for this reason could be helpful. If we think, technologies might be such a good idea, because they are used everywhere. From computers, machines, gadgets, software to cell phones, cars and internet. But some reasons indicate that this sector might not have been the right one. An executive chief of Cisco Systems Inc. John Chambers has warned that "his company has been having trouble selling products to its 25 largest customers â€" a group that overlaps with the biggest businesses in the United States." This difficulty can be seen on technology stock: "Cisco's shares plunged $3.12, or 9.5 percent, to close Thursday at $29.63." Thursday`s comedown touched more companies that someone can think, maybe the most interesting is Google Inc. and Apple Inc. Their stocks has been leaping during this last month. Could we imagine that these two companies might have some problems on the stock? Could this leaping affect their everyday use? As Associated press wrote:" There haven't been any signs of a slowdown at Google so far. The Mountain View-based company's third-quarter profit soared 46 percent to $1.07 billion, a performance that had lifted its stock price from $497.55 in mid-August to a high of $747.24 earlier this week." So for now it looks like we don't have to worry about their stocks.

related story: http://news.yahoo.com/s/ap/20071109/ap_on_hi_te/high_tech_comedown;_ylt=AoR.idVOlgODN42Of4NLO6Cs0NUE

by Olga Hromkova for PocketNews (http://pocketnews.tv)

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