The Slide of Cisco Systems – first of many?

Cisco Systems is the largest maker of networking equipment in the world and one of the 30 companies that makes up the Dow Jones index. However, this week the company lost a lot of its optimism with news of a poor sales forecast, which in itself helped to bring down the rest of the technology sector. This is bad news for investors who thought that technology would be the one sector always going up during the recession.