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Morning Market Losers

Cisco Systems (NASDAQ: CSCO) dipped 8.18% to $24.22 in the pre-market session after the company announced its plans to lower around 4,000 jobs. Cisco also issued weak revenue forecast for the current quarter.

Himax Technologies (NASDAQ: HIMX) dipped 4.48% to $6.40 in the pre-market session after the company issued weak Q3 revenue outlook.

Onyx Pharmaceuticals (NASDAQ: ONXX) shares fell 4.21% to $119 in the pre-market trading. Bloomberg reported that Amgen's (NASDAQ: AMGN) talks with Onyx are held up on dispute over access to drug trial data.

NetApp (NASDAQ: NTAP) shares dropped 3.73% to $40.75 in pre-market trading after the company issued downbeat current-quarter forecast.

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