Cisco (CSCO) is down 5.5%. "The challenging macroeconomic environment" is forcing Cisco to shut...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO) is down 5.5%. "The challenging macroeconomic environment" is forcing Cisco to shut down for five days to save money for the first time in its 24-year history, which has analysts guessing the $1B in cost cuts outlined in its Nov. 5 earnings call won't be enough.