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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (214262)	8/5/2009 8:56:46 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

Cisco cautious on recovery prospects, shares down NEW YORK (Reuters) - Cisco Systems Inc (NasdaqGS:CSCO - News) Chief Executive John Chambers said business conditions were improving for the world's largest network equipment manufacturer but it was too soon to call a recovery, dragging its shares down 3 percent. Cisco's revenue outlook was mostly in line with Wall Street's expectations and profit for the July quarter exceeded forecasts. But the CEO's cautious remarks disappointed those who sought a stronger declaration that global technology spending was on the mend. Analysts said his comments made sense amid mixed economic data, but likely let down investors who have been betting on a recovery in technology demand. "When he qualified that statement and said we've got to wait and see for several more quarters, I think maybe that was a little more conservative than what the Street wanted to hear," said Ronald Gruia, an analyst with Frost & Sullivan. finance.yahoo.com