Portugal bailout: one of five things to watch April 7
Portugal OKs bailout, yielding to investor pressure. Also, retailers sales, Cisco's strategy, and the Masters tee off – and Callaway's woes – will be on investors' radar screens.
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4. Chambers Under Pressure: Cisco CEO John Chambers is set to speak at a tech conference in San Francisco at 2:00pm ET Thursday, in comments which took on far greater interest following his promise earlier this week to take "bold steps" to narrow the tech behemoth's focus. His sweeping remarks evoke a company in need of a makeover. It's been a lost decade for Cisco shareholders and, increasingly, the blame is being directed at Mr. Chambers.
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5. Tee Time at Augusta: Who are we kidding? Golf's first major tees off Thursday and we're eager to see if Phil can defend his title, matching the struggling Tiger Woods with four green jackets. Major golf names like Callaway have traded down significantly since the disaster in Japan, where concerns remain about how consumer demand will be impacted throughout that nation's recovery.
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