Cisco Systems (CSCO)

[temp luvs amy]

Jim Cramer is a funny guy.

Chambers laid off 4000 last quarter, and Cramer reccomended it as high as 27. Wasn't the writing already on the wall?

The cash cow is still giving milk, just a bit slower. Chambers is growing the other business, just a bit slow.

Decline in foreign markets was the curve ball. I am not certain, but I think the cash cow needs a lot foreign grass.

Look at the recent charts of EWA and ECH, in particular.

Do you see the 8% decline in projected revenues?

It would be great to have Bernie Madoff projecting 12% growth out of here, but let's get real.