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Polycom (PLCM -4%) is among the day's tech losers. Possibly hurting is an IBD column noting the...

Oct. 31, 2012 11:16 AM ETPolycom, Inc. (PLCM) StockCSCO, PLCMBy: Eric Jhonsa, SA News Editor
Polycom (PLCM -4%) is among the day's tech losers. Possibly hurting is an IBD column noting the threat posed to Polycom and Cisco's (NASDAQ:CSCO) videoconferencing hardware sales by cheap cloud-based solutions that work with PCs. The article notes GoMeetNow, one prominent cloud-based rival, offers services that start at $12.95/month for two PC users. Polycom, whose sales growth has turned negative, is trying to return fire with its CloudAxis platform, which will be available in Q1.

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