Business
Investor AM: Your write-off or mine?
Cisco Systems is in the running for partner of the year. Instead of leaving its outsourcing partners with tons of excess inventory for another quarter, the networking giant stepped up to the plate and said it will take a huge $2.
Cisco Systems is in the running for partner of the year. Instead of leaving its outsourcing partners with tons of excess inventory for another quarter, the networking giant stepped up to the plate and said it will take a huge $2.5 billion inventory write-off in its April quarter. The move also saved the stocks of Jabil Circuit, Solectron and their peers. Full story. --Larry Dignan, ZDII