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Technology Stocks : Alcatel-Lucent (ALU)

ALU 3.460

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Mar 3 4:00 PM EST

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To: Sam who wrote (88)	11/8/2011 11:50:06 PM
From: Sam	of 176

PREVIEW-Cisco CEO must convince Street its woes are over Tue Nov 8, 2011 2:56pm EST * Results due Nov. 9 after market close * Street cautious on outlook * Months-long overhaul helps bottom line By Nicola Leske NEW YORK, Nov 8 (Reuters) - Cisco Systems Inc has won cautious endorsement for its months-long overhaul but now must convince Wall Street its troubles are a thing of the past and it can return to steady growth. Cisco, a sector bellwether because of its global scale and diverse client base, in September acknowledged an end to an era of scorching growth after scaling back on consumer businesses and laying off thousands in a sweeping 4-month overhaul. Despite early optimism on Wall Street about the pace and effectiveness of Chief Executive John Chambers' restructuring thrust, analysts warn the world's leader in Internet networking has to grapple with crumbling spending by governments and carriers and a margin squeeze from intensifying competition. Networking giants across the globe are struggling as telecom operators hold back spending in response to mounting economic uncertainty. Juniper Networks Inc forecast disappointing fourth-quarter results, while Alcatel-Lucent SA scaled back its profitability goal for the year. "Looking broadly across the tech supply chain, fourth quarter 2011 showed a bigger disappointment and thus we expect Cisco to struggle with its January quarter outlook, despite aggressive new product ramps," said Brian White at Ticonderago Securities. more at reuters.com

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