The equity, currency and oil markets continued to consolidate today on overall low volume. The S&P 500 Index move up 2 points to 1140, while the Euro slipped 30 pips against the dollar. The Nasdaq market was the best performer moving up 9 points or .4%.
Cisco Systems Inc. unveiled a heavy-duty router for managing Internet traffic, as it seeks to regain market share it has lost in the arms race to manage telecommunications networks. Cisco said Tuesday its new CRS-3 router has 12 times the capacity of rival equipment. For example, executives said the device can handle simultaneous video calls for every person in China. AT&T Inc., a key Cisco customer, said Tuesday it completed a trial with the router, which allowed its long-distance Internet backbone to carry data traffic at 100 gigabits per second, or roughly 10,000 times faster than the average household cable or DSL connection. Cisco had another powerful rally moving up almost 4% in the past week.
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