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IN BRIEF.(TO THE POINT)
Cisco fell 8% amid rumors, swiftly denied by the firm, that CEO John Chambers would quit.
Wet Seal expects a profit of 12-14 cents in the just-ended Q2 due to poor sales in 2nd-half July, the young women's apparel chain said just before the close. Several youth apparel chains have warned this week. Wet Seal fell 17% in regular trade and 10% more after hours.
ViroPharma is dropping development of its drug for the common cold and cutting its staff by 63% as part of a reorganization. The FDA recently rejected its cold drug. ...
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