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Politics : President Barack Obama
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To: Sr K who wrote (124898)10/24/2012 2:18:17 PM
From: RetiredNow  Read Replies (2) of 149317
 
Juniper and Cisco seem to have other reasons for having a challenging Q4 earnings outlook, than tax reasons...And they aren't the only ones. 7 companies out of 8 who have given a future earnings outlook have said the macro environment is squeezing their growth and/or margins.

Juniper provided a bleak fourth quarter guidance in view of the cautious spending nature of its customers.


Read more: community.nasdaq.com

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At the same time, Mr. Chambers echoed other technology executives' caution about the state of business spending and the federal regulatory climate, saying any improvement in the global economy must come from the U.S.

"Business leaders are not confident in the state of the economy," Mr. Chambers told Dow Jones Newswires during a gathering here hosted by research firm Gartner Inc. He pointed to underwhelming revenue from other big technology providers such as chip maker Intel Corp. (INTC) and Microsoft Corp. (MSFT) in recent days as signs of corporate trepidation.

Investors often take cues from Mr. Chambers's observations because of the predictive nature of tech spending and the broad scope of Cisco, which supplies the routers and switches that make up the Internet's backbone.

Shareholders balked in May after the San Jose, Calif., company forecast much slower-than-expected revenue growth in its fiscal fourth quarter, blaming rough economic conditions in Europe and meager telecommunications spending. Mr. Chambers returned to many of those themes in August with comments that overshadowed talk of some encouraging signs from state and local governments in the U.S.

Read more: foxbusiness.com
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