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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Mick Mørmøny who wrote (59327)	5/7/2002 4:49:39 PM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 77400

Cisco Systems Inc. San Jose 3rd Quar April 27: 2002 2001 Sales $4,822,000,000 $4,728,000,000 Net income 729,000,000 (2,693,000,000) Avg shrs (basic) 7,306,000,000 7,251,000,000 Avg shrs (diluted) 7,454,000,000 7,251,000,000 Shr earns (basic) Net income .10 (.37) Shr earns (diluted) Net income .10 (.37) Figures in parentheses are losses. Cisco Systems Inc.'s (CSCO) pro forma earnings of $838 million, or 11 cents a share, topped analysts' consensus estimate of 9 cents a share, which was based on a Thomson Financial/First Call survey of 34 analysts. However, revenue came in below the $4.87 billion Wall Street had predicted. As expected, the maker of network routing and switching equipment reported its first rise in quarterly sales and earnings in more than a year. A number of smaller rivals have reported lackluster numbers recently. Cisco predicted in February that its sales would be either flat with the second quarter's $4.82 billion, or rise at a percentage in the low single digits. The pro forma results exclude the effects of acquisition charges, payroll tax on stock option exercises and certain nonrecurring items. (MORE) DOW JONES NEWS 050702 04:34 PM

To: Mick Mørmøny who wrote (59327)	5/7/2002 5:12:03 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

That is just incredible! Cisco's GM% increased to awesome levels. I hope this translates into increased price tomorrow. This stock may get to $15 quicker than I was hoping. Can't wait to crunch the numbers and see how this quarter was compared to priors. But so far it's looking good. I'm listening to the call now.

To: Mick Mørmøny who wrote (59327)	5/7/2002 11:11:41 PM
From: Victor Lazlo	Respond to of 77400

<<Pro forma earnings of 11 cents a share beat First Call consensus by 2 cents. Sales of $4.82 billion roughly flat with 2Q missed First Call view of $4.86 billion and were at low end of company's forecast range. A big improvement in pro forma gross profit margins: >> After IBM missed on its top line but still beat earnings estimates for last Dec Q, it was pointed out by a little-known stock newsletter writer that IBM counted a huge cap gain (on the sale of a optical parts plant to JDSU) as reduction in its G&A costs for the quarter. The guy called a bus journalist at the NYT and the resulting story hit IBM like a ton of bricks. None of the analysts covering IBM caught it. Or if they did, they didn't say anything about it.