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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (164703)5/8/2002 5:58:10 PM
From: orkrious  Read Replies (1) of 436258
 
Herb Greenberg
Run Cisco, Run Deep
5/08/02 02:38 PM ET

On the surface, it looks like Cisco's (CSCO:Nasdaq) revenues were flat sequentially for the third quarter. But according to a Sanford Bernstein analyst, a review of deferred revenues "reveals gross sales generated in the quarter were down 6% sequentially."

The analyst adds: "While the company matched sales expectations and exceeded EPS consensus, we are not convinced that next quarter will mark the turnaround for IT spending."

For what it's worth. hg
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