Chambers’ Conference Call Commentary… Cisco Guidance Soft (CSCO)

Cisco Systems, Inc. (NASDAQ: CSCO) did give guidance in the conference call, and the shares got whacked over a less confident in near-term visibility and a weak January that is expected to last for several months. Below are some of the guts of Chambers’ paraphrased comments: “Despite macroeconomic changes, we remain comfortable with long-term growth projections…. Long term 12-17% yr/yr, but at risk of stating the obvious there may be times that the growth will be above and below…… US is experiencing challenges… we are seeing US and EU customers remaining cautious….. product order growth was in low-teens…. orders were…
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Original Source

  6 February, 2008| Economy | @ 22:06

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