frs

Trend Radar: Emerging Markets

Your bias is showing again. And your analysis of CSCO is sometimes contrary to logical thinking. For example, your concern ('I don't like') that CSCO's increasing headcount is a negative. Geez dude, look at the data will you - last quarter added 2.3% to their headcount and added 19% to Y-over-Y earnings. Wow - a few more salespeople to fuel accelerating growth. With those numbers, I'd suggest CSCO add 2.3% to their headcount every quarter!!!! Concern about emerging market growth rates? Only a moron would pick on the numbers based on that. Focus on the big stuff fella - $25B in cash, monopolistic levels of market share, operating margins that most compnaies would love to have, and generating $600M in free cash EVERY MONTH. Talk about a solid company - what are you thinking?