CSCO for Monday

Just announced this evening at 8:41PM:

"Cisco settles class action lawsuit for $91.75M"

Cisco closed today at 20.86.

Is this enough to cause CSCO to gap down significantly over the weekend?


Frank

 

I doubt it has any noticeable effect on the stock price.

 

91 million is sand off the beach to CSCO

 

I guess that's just a drop in the bucket to a company like Cisco.



Thanks,

Frank

 

90 million is nothing, if it was $900,000,000 then it would be a different story.

 

Still, tech-heavy Taiwan tanked more than 3% Monday. Not a bullish omen for NQ, and CSCO is primed for a fall, IMO.