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Cisco Systems, Inc. (CSCO)

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  • Dec. 9, 2010, 10:52 AM
    The tech sector is "embarking on a new growth spurt" in the U.S., adding 47K jobs so far this year, says Moody's. Tech's seen a 15% employment growth rate in 2010, as compared to a 11% rate for the overall economy. Government stimulus has helped, along with rising demand for products in Asia and Latin America.
    | 2 Comments
  • Dec. 6, 2010, 4:54 PM
    Cisco (CSCO) closed +1.8% at $19.43, after Oppenheimer upgraded it to Outperform, noting the shares were approaching a trough. However, Oppenheimer sees opportunities in the expanding wireless market, and predicts better-than-expected growth in router sales.
    | 1 Comment
  • Dec. 6, 2010, 2:20 PM
    Juniper Networks (JNPR) is +0.1% to $34.36 after announcing it will pay $95M in cash for security systems provider Altor Networks. Juniper needs Altor's virtualization technology to manage server security in the cloud. Last month, Juniper bought Trapeze, a maker of wireless networks systems.
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  • Dec. 1, 2010, 4:21 PM
    The big hardware companies represent a still-lively market for investors, with Cisco's (CSCO) Q1 woes being 'company specific,' says JP Morgan. In fact, "server and storage spending conditions are holding up as the enterprise reinvestment cycle chugs on."
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  • Nov. 24, 2010, 9:10 AM
    Cisco (CSCO) merits a new look, given it's poised to unleash market changing technology, sits on $39B in cash, plans a $10B stock buy back, and will issue its first dividend by year's end. "You may have been burned by Cisco in 2010, but many signs point to a better 2011," says an analyst. Premarket, Cisco is +0.6% to $19.33.
    | 3 Comments
  • Nov. 22, 2010, 5:50 PM
    Hewlett-Packard (HPQ) shares +3.3% after-hours on better-than-expected EPS and revenue plus upward guidance, but some are more interested in the whereabouts of new CEO Leo Apotheker (he says he's been on the road). The strong results also indicate that woes plaguing Cisco (CSCO) are company-specific, not industry-wide.
    | 1 Comment
  • Nov. 19, 2010, 10:04 AM
    Chinese networking gear maker Huawei Technologies must retroactively clear a small May acquisition with the U.S. government. Huawei, a Cisco (CSCO) rival, paid $2M for California-based start-up 3Leaf Systems. The Pentagon now fears a potential security threat and the buyout faces review by a special federal board.
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  • Nov. 19, 2010, 7:28 AM
    Cisco (CSCO) takes advantage of its recent drop in share price, announcing plans for up to $10B in additional stock repurchases. Cisco's stock is down 19% this year, and 14% this month; shares +1.1% premarket. (PR)
    | 5 Comments
  • Nov. 18, 2010, 5:40 PM
    Cisco (CSCO) CEO John Chambers apologizes for the weak FQ2 guidance that dropped his stock 20% last week. “We won’t surprise you very often, and I apologize that we did.” He hopes the FQ2 3-5% revenue growth estimate will prove conservative.
    | 3 Comments
  • Nov. 17, 2010, 2:27 PM
    Chinese telecom gear maker Huawei Technologies plans to replace Ericsson (ERIC) as the number one maker of next-gen mobile-phone network hardware. The company, along with ZTE Corp., is on technological par with western rivals, and could own half of the phone gear market in 5 years, up from 30% now.
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  • Nov. 16, 2010, 3:55 PM
    After numerous attempts to sidestep "the Cisco (CSCO -2.4%) question," Motorola's (MOT -1.4%) Greg Brown tells analysts at today's meeting (transcript) that they're "better off asking them (CSCO)" why they're seeing stark weakness in capital spending, even as MOT boasts of a "strong October." He adds, "We’re not looking at this through any rose-colored glasses..."
    | 1 Comment
  • Nov. 15, 2010, 4:17 PM
    Cisco (CSCO) is rebounding from its earnings debacle by announcing a robust consumer telepresence system no one will buy, says one early tester. Its new Umi web-based videoconferencing system is priced at $600, when alternatives that cost hundreds less are available. It may be Cisco has to learn it can't treat the living room like the board room.
    | 7 Comments
  • Nov. 15, 2010, 1:22 PM
    Wall Street analysts are still upbeat about Cisco (CSCO -0.3%), with 32 recommending Buy, 15 maintaining Hold, and one dubbing it a Moderate Underperform. One optimist says Cisco is a 'fallen angel' that has the resources to pull itself back up. Given that it's trading near its 52-week low of $19.82, this could be a chance for a bargain.
    | 1 Comment
  • Nov. 12, 2010, 5:39 PM
    Mark Papermaster - fired in August from his Apple (AAPL) job as chief of iPhone and iPod hardware (because of Antennagate?) hooks up with Cisco Systems (CSCO), where he will "work on chips for switches."
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  • Nov. 12, 2010, 3:55 PM
    It's not all bad in networking, given Juniper's (JNPR) stock price is +3.88 %. It had a record backlog in Q3, with revenue up 23% to $1B from Q3 the prior year, note analysts. In contrast to Cisco's (CSCO) anemic guidance, the analysts predict that Juniper's sales will grow in 2011 to $4.7B.
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  • Nov. 12, 2010, 8:21 AM
    Investors are apparently killing the messenger when it comes to Cisco (CSCO), note analysts. All Cisco did was to state the obvious: there is high unemployment, state and local governments are slashing budgets, and ISPs aren't building out their networks. This may just be a market reality check.
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Company Description
Cisco Systems Inc is engaged in designing, manufacturing and selling of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.