Cisco: Old Tech, New Tech Leader

Big Cisco Earnings Beat

Steve Johnson, San Jose Mercury News:

Although it is Silicon Valley’s fourth-biggest corporation in revenue, it has been financially pressured in recent years by the tepid global economy and growing competition in some of its markets.

Cisco CEO John Chambers:

We are starting to see some good signs in the U.S. and other parts of the world, which are encouraging.

Investors bought the old-tech firm’s earnings report and guidance.

Literally.

Cisco stock is trading up more than 8 percent:

$CSCO pops in after-hours’s trading

One of world’s largest, established tech firms … sent a strong message.

Silicon Valley-tech remains healthy.

With Cisco providing leadership.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: