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Premarket roundup: Cisco, VeriSign



By AP
09 July 2008 @ 09:39 am EST

Among the premarket stories for Wednesday, July 9, from AP Financial News:

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Quotes
CSCO 22.28 -1.03
VRSN 27.9 -3.15
EMC 13.94 -0.93

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NEW YORK (AP)--An RBC Capital Markets analyst cut his price target on Cisco Systems Inc. in a client note Wednesday, saying the network equipment maker expects a recovery in technology spending later than first thought.

NEW YORK (AP)--A Robert W. Baird analyst upgraded shares of VeriSign Inc. on Wednesday, saying he is confident the company will attract talented leadership following the departure of its top management.

NEW YORK (AP)--Analysts lowered their expectations for EMC Corp. and its subsidiary VMWare Inc. Wednesday, after VMWare replaced its Chief Executive.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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