Cisco Surges

Shares of bellwether Cisco Systems Inc. surged 12% after an influential analyst said the large corporation networking market in North America, a big segment for the world’s No. 1 networking firm, was stabilizing. Cisco shares jumped $2.20 to close at $20 on Nasdaq. Morgan Stanley analyst Christopher Stix said there are indications the large corporation, or enterprise, networking market in North America is stabilizing. Cisco shares, which have been hurt by the tech slowdown, also got a shot in the arm after telecommunications company Global Crossing Ltd. said it will deploy on its fiber-optic network two models of Cisco’s newest Internet routers, which handle data at speeds up to 10 gigabytes per second.