Cisco Tops Estimates

As its recent buying binge–three acquisitions in October, alone–suggests, Cisco’s business is in decent shape these days. Reporting first-quarter results after market close today, the company handily beat Wall Street estimates.
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BlackBerry Cobbler, Anyone?

What a disappointing report from Research in Motion. For its fiscal second quarter, the BlackBerry maker posted sales and an outlook that fell short of analysts’ expectations. Earnings slipped by four percent, with RIM making $475.6 million, or 83 cents, per share.
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HP Keeps the Ink Flowing

Hewlett-Packard: Scattered Patches of Brightness

Hewlett-Packard posted its quarterly financials Tuesday afternoon and they were slightly better than expected, driven by a two percent increase in PC shipments. Quarterly profit fell 19 percent to $1.64 billion, or 67 cents a share, on revenue of $27.45 billion. But excluding one-time items, HP earned $2.2 billion, or 91 cents a share, a penny better than analysts surveyed by Thomson Reuters had forecast. And the company seems confident of its performance going forward.
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