Wednesday, May 15, 2013

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.


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