Cisco CEO Sends Shares, Futures Diving

This one sentence:

"However we are seeing U.S. and European customers becoming increasingly cautious..."

spoken by Cisco (CSCO) CEO John Chambers during the company's earnings conference call (full transcript later today) sent the company's shares from +3.5% to -8.2% in after-hours trading.

Chambers also gave Q3 revenue growth guidance 10% -- which equates to approx $9.79 billion -- well short of consensus estimates of $10.19 billion.

The remarks took S&P futures down from +7 points to -10 points.

Cisco peers also dropped in extended trading: Juniper Networks (JNPR) -5.2%, F5 Networks (FFIV) -6.9%, Broadcom Corp. (BRCM) -3.1%. NetLogic Microsystems (NETL), which derives 60% of its sales from Cisco, is down 4.3%.

Chambers does have a way with words.