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Cisco Paints a Mixed Picture

Published by: mike 2008-11-22

Am-pro Impressionism with Corel's Painter Essentials | Tech news ::
Sep 27, 2007 You can select a paintbrush, a type of paint and begin "painting. program that's an uncomplicated mix between Photoshop and Illustrator,
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Cisco Systems reported quarterly earnings and sales late Wednesday that were largely in line with forecasts, but the company's forward guidance was below Wall Street estimates.

THE MARKETS: STOCKS; Shares End Mixed in Cautious Mood Ahead of ::
Cisco, which makes computer chips, gained $1, to $56.75. ''I'd call the employment numbers today a little bit of a negative picture,'' Mr. Hyman said.
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Horses for Sale |::
Spotted Cisco Mccue "Cisco" is a registered Tobiano Paint gelding. . She is out in a mixed herd of approximately 40 other horses and never causes any
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Cisco's pro forma earnings of 25 cents a share were a penny ahead of estimates, after backing out a four-cent charge as the company expensed options for the first time. Sales rose 9.7% to $6.55, just below $6.58 billion forecasts.

"Q1 was a solid quarter for Cisco, with balanced execution across most of our geographies, market segments and product categories," Cisco CEO John Chambers said in a statement. "We are especially pleased with the improving business momentum in the U.S. and Asia Pacific, the strength of our product families and the accelerated growth of the commercial marketplace, which has become our fastest growing customer segment."

Artpace: About the Exhibition::
LM: Can you imagine a time, Cisco, when you give your paints and brushes and carving tools to your son? CJ: I don't want to have a family or sons.
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Chambers also said the company is seeing "an increased trend toward customers choosing integrated networking solutions that combine our core products with advanced technologies" such as security, enterprise IP communications and wireless.

On the conference call, Chambers said fast growth in India could make that country a bigger market for Cisco than China in a few years.

Looking ahead, Chambers said fiscal second-quarter sales will be up 8-9%, below the 11.1% growth that analysts were looking for. He said Japan will likely remain a difficult market, and Europe, normally strong in the quarter, is "tough to predict."

Cisco shares fell 2% in after-hours trading.

Stocks posted modest gains during the day, but terrorist attacks in Jordan and a credit downgrade at GM limited gains.

The Nasdaq rose 3 to 2175, the S&P 500 added 2 to 1220, and the Dow climbed 6 to 10,546. Volume rose to 2.19 billion shares on the NYSE, but declined to 1.64 billion on the Nasdaq. Advancers led 17-14 on the NYSE, and 16-13 on the Nasdaq. Upside volume was 61% on the NYSE, and 56% on the Nasdaq. New highs-new lows were 101-135 on the NYSE, and 106-64 on the Nasdaq.

Dell slipped fractionally ahead of its earnings report due out after the close on Thursday.

Sohu, Hypercom, Integrated Device, Internet Initiative Japan, Jamdat and TII posted strong gains on their results.

Sonus, Transmeta and Sonic Solutions fell on their results, while Photronics tumbled on a warning.

The IPOs of Saifun and iRobot were well received.




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