It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Cisco thinks Europe is stuffed Cisco thinks Europe is stuffed
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


Cisco thinks Europe is stuffed
Reply
 
Thread Tools
Old 16th August 2012, 10:30   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 44,729
Stefan Mileschin Freshly Registered
Default Cisco thinks Europe is stuffed

Cisco has decided that the EU is stuffed for a while and decided that the best way to stop shareholders feeling that doom in the old country will harm their portfolios is to give them lots of dividend money.

In announcing its results, Cisco said that it did not think that the dire economic conditions in Europe would come to an end any time soon. However it threw money at investors by giving them a 75 percent dividend hike.

To be fair, Cisco did much better than Wall Street analysts predicted.

Three months ago, Chief Executive John Chambers scared the bejesus out of Wall Street when he warned that macroeconomic conditions in Europe could hurt technology spending.

Chambers told Reuters that Europe would stay challenging for several more quarters and things were going to get tougher before they got better. Public spending in the United States and Europe would be pants for a while.

Chambers said most of Cisco's customers anticipate a challenging year globally and these CEOs will remain conservative both in their IT expenditures but also in their hiring.

Cisco expects revenue growth, excluding items and its acquisition of TV software developer NDS, to range from 2 to 4 percent while earnings per share are seen up 5 to 0 percent at 45 to 47 cents, in line with analysts' expectations.

Cisco's fourth-quarter results were thanks to its cost savings and restructuring program.

Quarterly net income was $2.5 billion. Revenue rose four percent from the year-ago quarter to $11.7 billion, compared with a Street view of $11.61 billion.

http://news.techeye.net/hardware/cis...ope-is-stuffed
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
CompuLab to serve fanless AMD PC-3's stuffed with minted penguin Stefan Mileschin WebNews 0 1st June 2012 08:02
Ematic thinks $120 is way too much to pay for an ICS tablet Stefan Mileschin WebNews 0 30th May 2012 07:41
Steve Jobs Stuffed Doll 'iCEO' Unveiled Stefan Mileschin WebNews 0 15th March 2012 07:36
EVGA GTX 560 Ti 2Win - It Thinks It's a GTX 585 Stefan Mileschin WebNews 0 9th November 2011 11:38
5 Things Hollywood Thinks Computers Can Do jmke WebNews 1 13th September 2007 19:31
Compubeaver - Stuffed Beaver PC Case Mod jmke WebNews 3 14th April 2007 13:28
Google thinks I care about the Orioles Sidney WebNews 0 5th September 2005 05:31
Intel Centrino brand weak, AMD thinks Sidney WebNews 1 3rd February 2005 21:16
Dell thinks AMD64 servers are fantastic jmke WebNews 1 25th July 2004 19:08

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 11:16.


Powered by vBulletin® - Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO