News

Cisco Can't Save the Market

Published on February 4, 2010
by Eric Savitz

“If the stock market is not going to reverse on these results tomorrow, then we do have a problem.”-Tal Liani, analyst at Bank of America/Merrill Lynch, speaking on Thursday’s Cisco conference call.

Cisco Systems (CSCO) after the close yesterday posted stunningly good results for its January quarter, and provided April quarter guidance that was way above Street expectations. CEO John Chambers could not have sounded more optimistic about the quarter and the outlook if he tried; he said the company saw a broad-based recovery across all geographies and product sectors. The company is seeing continued improvement in enterprise spending, a surprise surge in demand from carriers, and a turnaround in Europe, which has been lagging an IT spending recovery in the U.S.

Read the rest of this post on the original site

Return to: Cisco Can't Save the Market

URL: http://allthingsd.com/20100204/cisco-cant-save-the-market/