by Calculated Risk on 11/10/2010 10:15:00 PM

From Reuters: Cisco's dismal outlook stuns Street

On the conference call, CSCO guided lower and said public sector spending is slow. Management also said that Europe is seeing some declines - although it was too early to call it a trend. (ht Brian, JB)

And from the WSJ: Kulicke & Soffa 4Q Profit Soars; Shares Down On Weak 1Q View

Kulicke & Soffa Industries ... predicted revenue for the current quarter of $125 million to $135 million, far below analysts' average estimate of $214.6 million ...

This might suggest a slowdown in equipment and software investment.