Cicso (CSCO) has had a bad run. Since earnings the stock has moved from over $34 to below $27.
But, today the big router company got good news. AT&T (T) will "upgrade its Internet backbone network" using Cisco core routers, according to Reuters.
The loser in the deal was Juniper Networks (JNPR), which also bid for the business.
Douglas A. McIntyre
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