For the first 9 months of its FY09, Cisco net sales plummeted $1.59 billion while simultaneously Cisco net income sank $985 million. Cisco Consolidated Statements of Operations F3Q09 (Page 5) (In millions, except per-share amounts) Source: U.S. Securities and Exchange Commission. Luckily for the first 9 months of FY09, Cisco employee share-based compensation expense defied gravity by climbing to $835 million (a $68 million increase). Cisco Summary of Employee Share-Based Compensation Expense F3Q09 (Page 10) (In millions) Source: U.S. Securities and Exchange Commission. More Good News for Cisco: Cisco CEO John Chambers stated during the F3Q09 earnings call that Cisco now has a whopping 6 TelePresence customers (last paragraph, 2nd sentence) with 50+ telepresence systems deployed. Obviously missing from Chambers' TelePresence customer count is the $45 million Regus deal that Cisco lost to Polycom.
It appears that the ongoing dilution of Cisco shareholder wealth is alive and well and continues to grow even in these tough economic times. BradReese.Com Cisco Refurbished - Services that protect, maintain and optimize Cisco hardware Contact: Brad Reese | Twitter: http://twitter.com/BradReese
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