Cisco Systems News

“We certainly seem to be waking up to stubbornly high energy prices”

Stocks declined Tuesday for a second straight session, with investors tentative as crude oil surged to another record high and more companies prepared to release quarterly earnings reports. via The Florida Times-Union

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“Financials are in a bear market, and I think that will last some time”

Stocks are likely to open steady on Tuesday, pausing after the previous session's sharp sell-off, with investors looking ahead to results from the technology, housing and consumer sectors. via Earth Times

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“This unclassified briefing was never intended for broad distribution or posting to the Internet”

The FBI on Friday said an investigation into the sale of counterfeit Chinese computer components to the U.S. government has recovered about 3,500 bogus devices with a retail value of $3.5 million. via Reuters

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After a slow climb during the height of a generally positive earnings season, the IT-heavy Nasdaq hit turbulence this week, with a mixed earnings report from Cisco, and merger and acquisition news and rumors ... via The Industry Standard

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Shares of Cisco Systems Inc. may see heavy trading Wednesday after the networking equipment maker posted a larger-than-expected profit in its fiscal third quarter. via Forbes

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“The ASR 1000 Series offers service providers such a quantum leap in networking technology that it will be difficult for anyone else to match its performance, scalability and reliability.”

Cisco announced today that TELE Greenland A/S, the telecommunications and postal services provider for Greenland, is transforming its data network into an Internet Protocol Next-Generation Network to deliver ... via Fibers.org

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3Q Results: Cisco's Order Increased in 3Q, Down from 12% in 2Q; Cisco Forecast Sales Growth of 9-10% in 4Q, in Line with Analysts; Chambers Said 3Q Growth Didn't Pick Up Because of Stalled Economy; U.S. GDP Grew 0.6% in Each of Past Two Quarters via ClipSyndicate

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U.S. stock futures were lower early Wednesday as investors, worried about inflation, await data on pending home sales and labor costs. via Blogging Stocks

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“It's a good solid report relative to expectations and relative to the macro environment”

Cisco makes phones and switches that direct internet traffic Internet equipment maker Cisco Systems has reported a rise in sales, cheering investors fearful that a slowing US economy would take its toll. via BBC News

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“Some of what may be underway is the unwinding of the materials stocks. There's some cashing in of the chips.”

Photo / Reuters Wall St could extend gains this week if financial results from market bellwethers such as Cisco Systems and new data suggest the US economic slowdown isn't as dire as once feared. via NZ Herald

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