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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+3.1%3:59 PM EST
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To: RetiredNow who wrote (74450)11/8/2007 7:52:33 AM
From: Sr K  Read Replies (1) of 77398
 
With more color he described lumpy as Cisco expects to grow at 12% to 17% long-term and some quarters will be below this range and some will be above, and Q1 was at the high end of that range. His "visibility" that some quarter may be lumpy and below 12% growth in revenues was not unexpected and was straightforward. He emphasized this by twice saying he properly manages for the long-run, not q by q and believes their strategy is correct.
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