Some Modestly Positive News

Cisco is hiring:

Cisco Systems’s announcement yesterday that it plans to hire 1,000 more workers is sure to bring throngs of out-of-work technology workers streaming into the city hoping that the company’s expansion, coupled with Google’s IPO, signals that the boom is officially on again.

This is presumably an indication that the commmunications companies that comprise Cisco’s customers are increasing their infrastructure investment (or at least have stopped reducing it.)