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

To: RetiredNow who wrote (74429)	11/7/2007 5:12:25 PM
From: Lynn	Respond to of 77397

Yes, but it barely missed analysts estimates: DJ UPDATE: Cisco 1Q Net, Sales Up On Strong Demand >CSCO Source: DJ Date: 04:31 PM 11/07 16:31 DJ UPDATE: Cisco 1Q Net, Sales Up On Strong Demand >CSCO SAN JOSE, Calif. (AP)--Cisco Systems Inc. (CSCO), the world's biggest networking gear maker, said Wednesday its fiscal first-quarter profit jumped 37% on strong demand for its equipment from service providers upgrading their networks. For the quarter that ended Oct. 27, the company earned $2.21 billion, or 35 cents a share, from $1.61 billion, or 26 cents a share, in the same period a year earlier. Adjusted earnings were $2.5 billion, or 40 cents a share, for the latest quarter. Revenue rose to $9.55 billion from $8.18 billion. Analysts, on average, were expecting a profit of 36 cents a share on sales of $9.54 billion, according to a poll by Thomson Financial. The company also had a smaller provision for income taxes during the quarter. "If this market transition continues to unfold as we expect, it has the potential to power Cisco's and the industry's growth for many years to come," said John Chambers, chairman and chief executive, in a statement. Shares fell to $31.04 in after-hours trading from the Wednesday close of $ 32.75.

To: RetiredNow who wrote (74429)	11/7/2007 5:34:57 PM
From: Sonki	Respond to of 77397

MM, cowen already had gone to "hold" on csco earlier today. So some people already knew. I pasted the news as soon as I saw on this thread. It is unusual to for some one to jump in front of the earning. Now we have news thread so people can find stuff faster. CSCO news Message 24035073 This just creates long term oppurtunies for people to reload. I already did covercalled leaps taht I will be buying back tomorrow.

To: RetiredNow who wrote (74429)	11/7/2007 5:35:27 PM
From: Mick Mørmøny	1 Recommendation Respond to of 77397

I got in more trouble aaaaaat 29.75. ;)

To: RetiredNow who wrote (74429)	11/7/2007 6:19:35 PM
From: Eric	Read Replies (2) \| Respond to of 77397

I'll second your comments. A good solid qtr and exactly what I expected. Gads look at the cash. Listened to the CC and no surprises but they pointed out that they are making a very serious move into China even though JC commented they had been there since 1994. More of their business is international and they are emphasizing that.. Looks like the trader crowd is whipsawing the stock. If I was a short term trader with the stock I'd buy very shortly after earnings come out when it gets slammed and then sell it coming up on the next earnings. Oh well... Meanwhile it will continue to grow. Boring like watching grass grow. On the other hand my solars... I need a space suit! :)