Nov 4th, 2009 - Houston Chronicle
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SAN FRANCISCO - Cisco Systems CEO John Chambers said today that the company's latest quarterly numbers reinforce his observation that recession-dampened orders are improving after passing a "tipping point" this summer.
Net income for the world's No. 1 maker of computer-networking gear dropped 19 percent and sales fell 13 percent, but still topped Wall Street's forecasts.
The stock climbed 82 cents, or 3.5 percent, to $24.11 in extended trading today after the results were reported. In regular trading earlier, it gained 31 cents, or 1.4 percent, to close at $23.22.
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Cisco profit sinks 19% on fewer orders
Nov 5th, 2009 - Los Angeles Times
Cisco Systems Inc. Chief Executive John Chambers said the company's latest quarterly numbers reinforce his observation that recession-dampened orders are improving after passing a "tipping point" this summer.
Cisco earnings fall but beat estimates; outlook brighter
Nov 4th, 2009 - USA Today
SAN FRANCISCO — Cisco Systems, the world's largest maker of computer-networking gear, on Wednesday said its first-quarter earnings sank, but profit beat Wall Street expectations...
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to look out for today... (HEADLINE NEWS) In Headline News Today... With a market increasingly sensitive to weak economic data, now that earnings season is all but over, investors found a slew of reasons Thursday to suggest stocks are overbought at current levels Yesterday ...
