In the meantime, CSCO delivering a similar style torpedo as NT in their CC.
This seems to have a more stark message, not obfuscated by the "inventory workout" theme...
What going to be the anodyne?
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AFTER THE CLOSE ******
Cisco Systems (CSCO) 56 1/2 -1/4: -- Update -- On conference call, company lists concerns 1) component supply/lead times could be an issue, 2) competition - seeing hundreds of start-ups, however, enterprise and service providers are trending towards the larger players, 3) economic - if economy slows, would expect slower cap-ex spending, 4) service provider spending - seeing spending slowing in US for circuit/voice/IP, however, network spending will be affected to a lesser degree; gross and operating margins were 63.5% and 25.5%, in-line on gross margin but CSCO expects it will continue to decline as it was 64.0% in JulQ, operating margin a bit shy of the Street's expectation of around 26.1%; stock trading at 51 1/2 after hours on heavy volume.
Steve |
