Cisco Added to the DJIA

"Dow Jones added Cisco "because its communications and computer-networking products are vital to an economy and culture still adapting to the Information Age — just as automobiles were essential to America in the 20th Century," Thomson said. He has the final say on changes to the index."

from Dow Jones swaps Travelers, Cisco for Citigroup, GM - Yahoo! News

That's kind of a big deal...

MS

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Comments

tiersten

I'm surprised that Cisco wasn't already on there TBH.

eMeS

tiersten wrote: »

I'm surprised that Cisco wasn't already on there TBH.

IMO Cisco's addition is about 10 years late. At one time (around '99, pre-bust), they were seen as the mostly likely company to first hit a $1 trillion market cap.

MS

NetAdmin2436

Yeah I read that this morning. Pretty sweet!

Anyone else here got stock in Cisco? I got me a lil' bit.

eMeS

NetAdmin2436 wrote: »

Yeah I read that this morning. Pretty sweet!

Anyone else here got stock in Cisco? I got me a lil' bit.

I would expect that anyone holding Cisco will get a good little bump as all of the funds, etc.. that track the DJIA will have to buy Cisco to add to their portfolios...

MS