"Cisco has emerged as one of the most stable technology companies in the nation - making it one the most valuable companies in the world - because of soaring demand for its switches, routers and fiber-optic equipment. They are used to direct communications traffic for both corporate computer networks and the broader, public networks run by telecommunications companies and Internet service providers.
The second Industrial Revolution is just beginning, and businesses and governments are turning to Cisco, the Internet expert, to assist them in transforming their companies and countries,'' said company chief executive
John Chambers.
Cisco has developed a strategy of buying developing countries and using its giant status to augment their technology and engineering expertise.
Despite that much-applauded formula, company executives are persistently cautious in their outlook, warning last quarter that supply shortages of components such as flash memory might constrain growth.
But many analysts brushed aside those warnings in recent weeks.
This company is so strong in supply-chain management, if anyone knows how to deal with a shortage, it's Cisco,'' said First Union Securities analyst Steve Koffler.
For the year ended July 29, Cisco earned $2.67 billion, or 36 cents per share, compared with $2.02 billion, or 29 cents per share in the previous fiscal year. Sales jumped to $18.93 billion from $12.17 billion.
Above Excerpt from:
Cisco Sales Surge 61 Percent
By CLIFF EDWARDS, AP Technology Writer
*****************************************************
I wonder how Barron's will respond to this great earnings report?
Dear Steve, I think Barron's should fire their *#*#*#*editorial STAFF. They are full of zinga! -Mephisto |
