Cisco Systems Inc.

According to the recent report of Reuters the key business leaders such as Cisco Systems Inc., Office Depot and FedEx Corp believe that the recession has reached its bottom and now the US economy will stabilize. It was reported that the executives expect slow-to-moderate economic growth in 2010 but with caveats.

John Chambers, chief executive of Cisco Systems Inc., stated that the global economic downturn will continue to affect the company.

In its current quarter, Cisco analysts have predicted to see 15% - 20% decline in revenue. According to a poll by Thomson Reuters 11% decline in revenue of the company is expected in the third quarter. Shares of Cisco dropped about 4% in after-hours trading after adding 22 cents and closed at $15.84 in the regular session.