Europe’s Fade Becomes Drag on Sales for U.S. Companies

As the European crisis intensifies, a growing number of companies in the United States are warning investors that sales in the region are slowing and could get much worse.

In the technology industry, one of the most exposed to Europe and an engine of the American recovery, Cisco, Dell and NetApp [NTAP  30.45    -0.86  (-2.75%)   ] have all recently pointed to unexpected weakness in European sales. Other areas with major exposure to the Continent, including automakers and industrial companies, are beginning to voice similar cautions. 

Just a few months ago, market watchers were optimistic that the American economy had decoupled from Europe’s problems, able to grow even as the Continent faltered. 

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