TheStreet.com RealMoney

Forget Tech

By Jim Cramer

 About this article:
 The stunning declines in Cisco and VMware and its parent EMC remind us that we have been whistling past the tech graveyard for a very long time. Think about it --Seagate at a new low. Incredible pain in Oracle after that quarter. Nvidia on a real blowup. But it is Cisco that really should concern those who are hanging onto a group that has become a really difficult sector to own. I find the whole round trip that Cisco made after its lukewarm quarter to be astounding. Here's a company that reported a so-so quarter and so-so outlook and immediately plunged to $23 from the mid-$20s, then rallied to $27 and change on sentiment that the market was too negative on the networker, and now it comes more than full circle to $21 on fears of declining IT spending. You can't blame...

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