Not new highs for everyone

In a contrast to the Nasdaq hitting new highs and the fervour behind technology stocks, one of the giants of making the internet “work” and a former darling of the 1990’s tech boom; Cisco Systems (CSCO) is seeing its stock price ONLY NOW climb back to 16 year highs which were last seen in 2001. But don’t feel sorry for CSCO’s price, its market capitalisation today is more than 30% higher than the Commonwealth Bank of Australia.

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