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.
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.