[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]
Cisco confirms that 5,500 employees will be cut, about 7% of its workforce. CSCO is down -1.4% in the AH’s trading after beating on EPS and matching on the top line. NTAP launches +5.7% after earnings. Skimpy lingerie seller LB dances +2.2% higher after earnings. NTES +0.7%.