Chambers sees bearish spending the rest of year

Cisco Subnet — Wed, 09 Jul 2008 16:17:02 -0400

Cisco expects the sluggish spending environment to continue throughout the year, according to Reuters. In an interview, Cisco CEO John Chambers says the tempered purchasing environment could last until 2009. Many investment firms shared Chambers' bearishness and took it out on the company's stock -- some don't expect Cisco's fourth quarter, ending later this month, to grow much-- if at all -- from Q3.

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Report card on Cisco's 3d quarter

Cisco Subnet — Wed, 07 May 2008 12:19:47 -0400

Cisco gets an A- for posting a solid third quarter in the face of softness in US and European enterprise markets, and a macro US economy teetering on the edge of recession. Revenues were up 10% and slightly better than Wall Street expectations; earnings exceeded Street estimates by $.02 per share and were up 12%. Cisco tempered its guidance for the current fourth fiscal quarter – to 9% to 10% revenue growth, down from its long-term target of 12% to 17%.

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financials

Chambers sees bearish spending the rest of year

Report card on Cisco's 3d quarter