Cisco is for sale and the question now is who is buying which pieces?
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Layoffs cause any stock to go up. Less headcount = less Opex == more profit.
No Big Blue is set to acquire Cisco. The idea is that the stock would plunge when word of then layoffs and pieces of the business are sold or closed.
Instead no one noticed and stock went up a dollar or two.
Big Ble will own Cisco or else the pieces sold off.
They deserve each other
Oracle would be a better buy for IBM.
Don’t think it’s for sale. And specially not to the Big Blue. Look at their board, they are in a mess too.