Cisco Bears Take a Breather

[Scott Moritz]

Scott Moritz

06/30/11 - 11:24 AM EDT

NEW YORK (TheStreet) -- Cisco (CSCO), the despised, misstepping, serial disappointer, may have finally reached the bottom of its disfavor on Wall Street.

Shares of the networking gearmaker took a little break this week from a long, galloping downward path that has knocked a quarter off the company's value this year.

Cisco's dramatic swoon predated the global financial worries that caused a broader market fall in recent months. But getting a jump on the tech selloff trend has put Cisco in an oddly favorable position, say some investors.

"The tougher the market, the better Cisco looks, because people already hate it," said Dan Niles of Alpha One Capital.

The story: http://www.thestreet.com/story/11171554/ciscos-skid-a-prelude-to-techs-slide.html