SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.66-0.7%2:38 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Howard Feinstein who wrote (26539)6/22/1999 5:42:00 PM
From: Zoltan!  Read Replies (3) of 77400
 
COMS laid its quarterly egg and tried to disguise it as an omelet by announcing an indefinite share buyback. According to DowJones, COMS merely met analyst expectations w/ $.24/sh. What's astounding is that their revenues were up only 3%.

Net income for the quarter ended May 28 included a pretax charge of $5.6 million for purchased in-process technology associated with the acquisition of NBX Corp., and a pretax credit of $4.9 million related to changes in previously recorded merger and restructuring expenses. Excluding these items, profit was $88 million, or 24 cents a share.

Analysts surveyed by First Call were expecting a profit, excluding charges, of 24 cents a share.

Revenue rose 3% to $1.42 billion from $1.38 billion in the year-earlier period.

Fourth-quarter sales of systems products increased 17% to $784.7 million and made up a record 55% of total sales, 3Com said. Client-access product sales decreased 10% to $630.9 and comprised 45% of total sales.

Revenue for the full fiscal year was $5.8 billion, compared with $5.4 billion in fiscal 1998. Net income was $403.9 million, or $1.09 a share, compared to $30.2 million, or eight cents a share reported in fiscal 1998.
interactive.wsj.com




Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News