'Game-Changing' Announcement From Cisco Anything But (CSCO, T)

The investor and tech world was abuzz with excitement pending Cisco's (NASDAQ: CSCO) announcement that promised to be a 'game-changer' for the internet and wireless service industries. But upon further review, the anticipated news has come off a bit...flat.

Cisco claims to have developed a router that is 12 times faster than those offered by its competitors. While this is great for companies who need faster routing to mitigate connection bottlenecks and high-volume data streams - such as AT&T (NYSE: T)and the impending damage the iPad will wreak on its already-stretched data network - the news is not as revolutionary for the rest of the world as originally thought by some.

Indeed, Cisco's new router seems to be a linear progression rather than a radical divergence from modern transmission methods. I would have been more impressed by something that gets rid of wired internet service once and for all. As it stands, a device that will cost at least $90,000 and can increase data speeds along pre-existing channels is not worth a major shift in Cisco's stock.

Investors reflected this sentiment today, as Cisco's stock has dipped back below its new 52-week average, only up 0.19% from the open. I suspect the stock will retreat in after-hours to open flat tomorrow morning. If you were in Cisco for a drive-by trade, congratulations; otherwise, I wouldn't get in now.