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.

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

To: Bindusagar Reddy who wrote (21781)	2/2/1999 10:25:00 PM
From: jach	Read Replies (1) \| Respond to of 77397

Cisco's 2Q Profits Fall 37 Pct. SAN JOSE, Calif. (AP) -- Cisco Systems reported $606 million in second-quarter earnings on Tuesday, a 33 percent increase from 1997. The report barely edged Wall Street expectations, and share prices fell in after-hours trading. Excluding one-time expenses of $349 million related to four acquisitions, the computer networking giant earned 36 cents per share. Analysts surveyed by First Call had predicted 35 cents a share. Revenues from continuing operations rose 40 percent to $2.83 billion, up from $2.02 billion a year ago. Writeoffs from the acquisitions drove Cisco's actual net income for the three months ended Jan. 23 down 37 percent to $288 million, or 17 cents per share, from $457 million, or 29 cents per share, in the same period a year ago. The report was released after the markets had closed. Cisco's stock, which has nearly tripled since the market began rebounding in early October, fell $2.62 1/2 to $112.37 1/2 in trading on the Nasdaq Stock Market. The shares continued to fall in after-hours trading, suggesting that investors were disappointed that Cisco, one of the most popular technology stocks, didn't beat expectations by a wide margin.

To: Bindusagar Reddy who wrote (21781)	2/2/1999 10:50:00 PM
From: Jay Couch	Read Replies (1) \| Respond to of 77397

Okay, BR, you're really asking for it now... Since I happen to work for one of those 'garbage companies', I am starting to take offense to some of your remarks. I've watched you post your rants without saying anything before, but, now you're starting to p*ss me off... What is your problem? Did you miss out on the CSCO boat or something? If you haven't noticed, the collection of 'garbage companies' has been consistently beating the street's earning estimates for several YEARS in a row by one penny. Why should we expect anything else? Because Microsoft and Yahoo blow out their numbers, everyone else is, too? Let's look at the high level numbers, shall we? (Wouldn't want to go into any tough math and really confuse you.) LU didn't beat their earnings by much, 4%, right? So CSCO beats theirs by 3%, and that's supposed to be terrible? And ASND last quarter beat their numbers by a whopping 0%. If you hate Cisco so much, why did you listen to the conference call? Just so you could come over here and try and dump on the thread? What does 'Bindusagar' mean in your native language, anyway? I'm guessing 'little man'... Jay