Cisco Could Lead a Tech Rally [VIDEO]

By DailyFinance  NOV 14, 2012 10:32 AM

Meanwhile, bowling giant AMF Worldwide files for bankruptcy.

 


Cisco Systems (NASDAQ:CSCO) could lead a rebound in the tech sector. After Tuesday’s close, it posted a solid 18% increase in quarterly earnings. The company also affirmed its outlook, which came as a pleasant surprise to investors. As the leading maker of networking gear, Cisco is often seen as a bellwether for the tech industry and the broader economy.

The largest operator of bowling alleys is hoping to get spared. AMF Worldwide (PINK:AMBWQ) filed for bankruptcy protection after failing to find a buyer. Part of the problem is that even though more people go bowling than ever before, not as many join regular leagues. The company says its 262 bowling centers will remain open while it works through bankruptcy.

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