He's the next mayor
I left LA for Chicago why?
Actually, the WSJ is using the word "plunging." Tech issues, which had been holding up pretty well in this topsy-turvy goose-pimply market, are really taking it on the chin. Even Google is getting hit, down more than 5 percent. Cisco's disappointing earnings apparently got investors spooked this morning - along with CEO John Chambers speaking of a "dramatic"' decline in sales to automobile and financial companies. The numbers were actually in line with analysts expectations, but Wall Street likes to see a company like Cisco do better than that. Well, what's the use in pussy-footing - they're just looking for any old excuse to sell. Here's a Bloomberg story.
More by Mark Lacter:
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Recent stories on LA Observed:
Barry Diller's many paychecksSay hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
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