Analysis: Cisco spooks, but IT spending seen on the mend

The Cisco logo is displayed at the technology company's campus in San Jose(Reuters) – As a cautious outlook from Cisco Systems Inc pummels shares of the network equipment maker and its peers, it might be time to go bargain hunting. Even as Cisco warned that technology spending by companies could be hurt by concerns about Europe, analysts say there is room for optimism. Pointing to last year’s experience, some say tech spending may rebound in the second half, potentially boosting equipment makers shares again. Morgan Stanley is advising its clients to start making bets in anticipation of a pickup in tech spending. …