Tech bellwether Cisco posted better than expected quarterly results after Tuesday's market close. That's good news for more than just Cisco shareholders, because if Cisco is holding up well it means that companies are feeling comfortable enough to upgrade their networking equipment.
PC chipmaker Advanced Micro Devices said on Thursday it will cut its work force of nearly 12,000 by 15 percent, its second round of layoffs in less than a year as it struggles with a weak global economy and a consumer shift toward tablets.

