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Cisco Systems (CSCO) is making a big bet to take on Amazon.com (AMZN) in the fast-growing cloud services sector. Cisco, the No. 1 maker of computer networking gear, said on Monday it plans to spend $1 billion over the next two years to enter the cloud-computing services market now dominated by Amazon’s Amazon Web Services unit. But the announcement didn’t spark Wall Street, as Cisco stock was down a fraction in morning trading in the stock market Scalper1 News
Scalper1 News