Cisco is expected to post lower earnings
Article Abstract:
For the 2nd quarter in a row, Cisco Systems is expecting a fourth quarter loss with sales falling 24% to $4.34 billion. Cisco is receiving white-hot attention as the arbiter of whether the Internet-switching gear industry is stabilizing here, and in Europe and Asia. Analysts anticipate a conservative forecast for Cisco's coming quarters with a weakening worldwide market. Cisco seems to have responded with a sense of calm in the face of analysts projections.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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Network concerns are expected to post strong earnings in midst of market split
Article Abstract:
The data communications equipment market is dividing into two markets: telecommunications and business. The telecommunications, or carrier, market sells to telecom services providers that use the equipment to transmit both voice and data. The business, or enterprise, market sells to corporations building network and data capabilities. Analysts say the US business part of the market is tapering off from early '90s growth rates of 50% to 60% down to 13%, as companies are now upgrading existing systems rather than buying whole new ones. 3Com Corp. and Cabletron systems Inc. serve this segment. In contrast, the carrier market is poised to expand 35% to 40% in '99. Cisco Systems Inc., Ascend Communications, and Fore Systems are the big names here.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Cisco to buy Aironet, beats profit forecast
Article Abstract:
Cisco Systems Inc. ended its fiscal first quarter with better-than-expected earnings and also announced that it will acquire Aironet Wireless Communications Inc., which makes equipment for routing computer traffic over office networks and the Internet. Cisco's net income for the period ended Oct. 30, declined 14% to $438 million from $512 million in the previous year. Excluding one-time charges, its earnings rose 49% to $837 million from $561 million. Revenue rose 49% to $3.88 billion from $2.6 billion in the year-earlier period. Cisco's results, announced after the markets closed, sent its shares up to $77.625 in after-hours trading. They closed at $74.25, down $1.0625, in 4 P.M. Nasdaq Stock Market trading.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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