Techs Take Hit Alongside Cisco; Clorox, P&G, Quaker Oats Gain
NEW YORK -- Investors took out their disappointment with networking giant Cisco Systems' quarterly results on the company's stock -- and on the shares of its numerous rivals and vendors.</br></br>Cisco itself faded to a 52-week low, thanks to a $4.69 decline that brought its shares to $31.06 apiece as of 4 p.m. in Nasdaq Stock Market trading. The selloff came after Cisco put out quarterly results that missed analysts' projections, and warned that its revenue isn't likely to grow for the next six months.</br></br>In addition, a host of the communications-parts makers that sell gear to Cisco also saw their prices fall sharply. Applied Micro Circuits dropped 5.25 to 49.81 a share, PMC-Sierra declined 7.81 to 58.75 a share and Xilinx gave up 2.50 to 48 a share, all on Nasdaq.</br></br>Other networking concerns also faded. Foundry Networks fell 1.56 to 17.94 a share, Extreme Networks slid 4.44 to 31.69 a share and Sycamore Networks tumbled 3.31 to 23.69 a share, all on Nasdaq.</br></br>Electronics makers also lost more ground. Sanmina eased 1.88 to 36.25 a share and Flextronics fell 2.94 to 33.94 a share, both on Nasdaq, while Jabil Circuit declined 2.29 to 31.36 a share.