Aug 15 - Cisco announces job cuts while a study finds Facebook use leads to greater life dissatisfaction.
Our rocky road for Cisco. It's cutting 4000 jobs is CC -- slow progress at the company. Shares down nearly 7%. Several analysts trimming their price target to between 26 to thirty dollars. Fiscal was focused on providing the backbone for the Internet now it's moving into software and equipment for data center and cloud computing. CEO John Chambers as the parent has to reallocate resources very quickly. Because business is improving at the pace he wants to school lowered its revenue guidance. Competitors also dropping like Juniper Networks Apollo also -- X. Move over paid out Facebook's shaking them all about money tree. Now the company's -- I users can shop and paint using their FaceBook login and -- according to all things. -- that's been expanded which you can do on the site from your more about the -- -- making dinner reservations and I didn't will be less things. It wanted it in Iraq while it's based -- well -- -- to become a part of your daily life. FaceBook will begin testing this paint functionalities soon. You already had your credit card and on -- with FaceBook to buy FaceBook credits and give gifts corporate gave me. Because of storing this user data you won't have to reenter when buying stuff on mobile's site using FaceBook. Is better option that -- how FaceBook hopes you think's out. But FaceBook can't make you happy that's what researchers from the University of Michigan have found they think FaceBook helps makes social connections. But digging deeper -- study revealed the more people use FaceBook the more they're dissatisfied with life. Be real. -- -- in all the fabulous things your family friends and haters are doing you may wonder why not me. And why spending all this time on FaceBook when light is passing me by. The stock down 1% today. Good news app does not in a study of online sales in Europe. The research firm mintel predicting Amazon doubled its market share on the continent over the next four years. Online retail sales are expected to double by 2018. With Amazon going faster than back. Britain France and Germany are forecast to be the strongest markets. Shares of Amazon down 1% today. So -- is Altera semiconductor. You've probably never heard of it and it's being bought by Maxim Integrated Products. Another relatively unknown company unless you're in the microchip business. The purchase price is 600. And I had million dollars or three dollars per share. The stocks trading near that level. And sputtering is rent rent it cut its revenue guidance because of delays in launching new games. It went public at fourteen dollars per share a little over two years ago now shares are down 12%. That's equity this Thursday you can follow us on Twitter at RT are asked equity. I'm just not -- it is --