Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (10391)	11/5/1998 7:53:00 AM
From: Joseph G.	Read Replies (2) \| Respond to of 86076

As is AP - how can you blame poor suckers when they're being professionally mislead and coned by self-proclaimed "news" agencies? [the trick is they don't say the year ago Q number is after large charge, and then they even mention current Q "one time" charge creating an impression that before all charges situation is even better] <<Cisco Earnings Jump 54 Percent SAN JOSE, Calif. (AP) - Riding a surge in sales, Cisco Systems Inc. (Nasdaq:CSCO - news) reported a 54 percent increase in first-quarter earnings, slightly edging Wall Street's expectations. Sales rose by 39 percent, rising to $2.59 billion from $1.87 billion for Cisco, the world's biggest maker of equipment linking computers in networks. The San Jose-based company said Wednesday it earned $518 million, or 31 cents per share on a diluted basis, for the three months ended Oct. 24. The company earned $337 million, or 21 cents per diluted share, in the year-ago quarter. The results included a $41 million charge associated with Cisco's purchase of American Internet Corp., a software developer. Excluding the charge, Cisco would have earned 34 cents per diluted share. Analysts surveyed by First Call predicted earnings of 33 cents a diluted share, also excluding the charge. Earnings results take into account a three-for-two stock split that was effective Sept. 15. Cisco cited stronger customer demand across its line of products that enable companies to communicate with internal networks and to link their computer networks to the Internet. >>