Wednesday, May 6, 2009

Cisco reports lower profit, but beats Street views (CSCO)

New readers may wonder why we're interested in CSCO. In a nutshell:
We are fans.
That $30 Billion cash hoard makes it easier to sleep at night, their new 'green' ventures make it interesting to get up in the morning....
-Cisco and Energy

From MarketWatch:
Cisco Systems on Wednesday reported a drop in profit, though the networking giant exceeded Wall Street's expectations as it faced what the company's CEO described as a "period of evolving market dynamics.">>>MORE
The stock is up 4% in early afterhours trade.
The conference call is going on right now, I'll dig up the transcript tomorrow.