WALL STREET MUGGER
WALL STREET MUGGER
The funny stock market continues to bemuse. Cisco reports a 55 per cent rise in revenue and a 58 per cent rise in profits before charges, develops a new billion-dollar-a-year line of business in nine months, builds its cash pile to almost $5 billion … and its stock crashes. Cisco’s partner Tibco Software is back on the yo-yo string. After falling to below $50 a few weeks ago, Tibco rebounded to $94 per share, and then last week tanked again to $58.25 last week.
The victims come in all shapes
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