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Cisco swallows $125m charge to remediate clock component fault

16 February 2017 • 2 min read

Networking vendor's bottom line hit in Q2 as it deals with the fallout of malfunctioning products and the cost of memory spirals

Cisco saw its net profit shrink by a quarter as sales of its core networking products plummeted in a tricky second fiscal quarter. During Q2 the vendor also had to deal with some "dramatic increase...

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