Cisco finally makes a move

A few months ago I had posted on the rumored Cisco-Nokia merger that never materliazed. Well, Cisco did act finally - buying Scientific Atlanta for close to $7 billion in cash.

This move wasn't received well on the Street, but this definitely was a good buy. Cisco had to move towards the consumer, sooner or later.

Cisco with this purchase stands to gain from the emerging TV over IP boom.

The current pullback is a good opportunity to open a position in Cisco.