Shares of Cisco Systems fell on Wednesday after CEO John Chambers told Reuters many of his customers see the economy picking up early next year rather than this year, and brokerages cut their price targets on Cisco shares.
"Most customers still see the turn probably late this year or early next year. More of them looking toward early next year," the chief executive of the top network equipment maker said in an interview on Tuesday.
In late May, Chambers had said that based on his conversations with customers and economic leaders, the most likely scenario would be for the economy to start picking up toward the end of this year.
And that leads to our Fast Money Reader Poll. When do you think the economy will start to pick up?
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