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CSCO spike: noticed CSCO when it spiked on Friday afternoon.


re CSCO

Stock Market Update - Fri Apr 13 15:00:01 EDT 2007
Fri Apr 13, 2007 3:00PM EDT
[BRIEFING.COM] The indices have spiked to their best levels of the day within the last 15 minutes. The return of upside leadership from a turnaround in the Tech sector is spearheading the market's advance.

After trading down as much as 1.2% in early trading, Cisco Systems (CSCO 26.87 +0.90) recently spiking more than 3.0% after development chief Giancarlo said the company has seen "very strong demand" and is in the early phases of an upgrade cycle has given the market its biggest boost. A handful of tech warnings have placed the sector's growth prospects under scrutiny of late. Technology has bounced 1.1% from its intraday lows.