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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject5/8/2001 4:44:31 PM
From: besttrader   of 37746
 
Cisco Systems (CSCO) 20.61 +1.36: -- Update -- Stock trading slightly lower after hours at 20.20; the April qtr earnings and revenues
were not as important as the guidance, and there was no guidance offered in the press release; waiting for guidance in the call which begins
at 4:45 ET. Only possible hint is that the inventory write-down was reduced by $300 mln. Though this $300 mln was not sold (it just added
to the end-of-quarter inventories), it might indicate some optimism about future sales.

Cisco Systems (CSCO) 20.61 +1.36: -- Update -- Gross margin, excluding the $2.2 bln in inventory write-offs, was 54.5%, in line with
guidance in the "low to mid-50s."
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