Another great quarter for Cisco. In fact, Forbes reports that Cisco's results beat analysts estimates by about 2 cents/share. Really double digit growth is amazing for a company as large as, and as dominant as, Cisco. Of course, this is nothing new. Over the past eight quarter, the company has topped expectations, and, Forbes says, by an average of 2 cents a share. Weirdly, this hasn't resulted in much of a gain in the stock valuations. Of course, the stock jumps right after earnings are released but falls back the same-old-same-old price about a week later. All told, Forbes says the stock has been up only about a half a percent. Still, the stock is worth enough to keep Cisco happily acquiring the companies and technology it needs. As a bellweather company, Cisco's solid financial success is good news for the whole IT industry.
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Bias in NetworkWorld's Reporting
Ah, we can now see how wonderfully fair the reporting from NetworkWorld is going to be. Cisco has extremely decent earnings (especially given the global economy this year) and gets a headline of "Cisco profit falls on acquisition charge" , and Nortel with pretty much terrible results gets the headline "Nortel posts loss but says recovery is on track"
Network World should be
Network World should be embarrassed. Rather than take a positive story and give a bit of light at the end of the tunnel to their readership who undoubtedly is impacted by the down market, they choose to pile on more negative press. The writer's and editor's show a fundamental misunderstanding of the industry or are just a little too willing to misrepresent the news to sell their magazine.
Network World has covered this fairly
Network World has covered Cisco's earnings in several spots. We ran the story, which was written by the IDG News Service (an affiliate) with the headline you both dislike. A comment to the story points out that Cisco's earning exceeded expectations. We posted a blog item in Cisco Subnet with the headline Another great quarter for Cisco and posted ANOTHER blog post with the headline Report card on Cisco's 3d quarter, that gives Cisco an A- minus for the quarter.
Alarming Cisco 3rd quarter 2008 channel stuffing
It is the opinion of yours truly that Cisco has engaged in channel stuffing in order to achieve its desired 3rd Qtr 2008 financial numbers:
Alarming Cisco 3rd quarter 2008 channel stuffing
Sincerely,
Brad Reese
http://www.BradReese.Com