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Market Currents

Thursday, November 5, 2009
10:44 AM TweetThis
  • John Chambers was enthusiastic about an economic recovery on Cisco Systems' (CSCO) Q3 earnings call yesterday: "Based upon our business momentum... this would indicate that the recovery from an initial phase perspective is well underway..." And: "We are seeing very tangible results that the recovery, at least the initial phase of the recovery, is gaining momentum."

This news story has 3 comments:

  •  
    Did he have anything to say about Magic Fairies and dappled unicorns?
    Nov 05 10:50 AM | Link | Reply
  •  
    he also said, no 2nd half guidance b/c if hiring does not pick up then we will get no 2nd half orders; his comments, in total, were quite bearish mid term. i am stunned that the stock is up so much, you are looking at a 24PEx indefinitely
    Nov 05 11:01 AM | Link | Reply
  •  
    Speaking out of both sides of his mouth like a good CEO. Or, perhaps in this case, both ends of his body.
    Nov 05 11:04 AM | Link | Reply
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