Bureau Chief, Helsinki
Ritsuko's Feed
Feb 11, 2011

Cisco shares plummet, bellwether becomes laggard

NEW YORK, Feb 10 (Reuters) – After disappointing Wall
Street quarter after quarter, Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) has
lost its status as a tech industry bellwether.

Cisco shares fell 14.2 percent on Thursday to their lowest
level since July 2009, as eroding margins stoked concerns that
competition and dwindling public sector spending are stunting
its growth. [ID:nN08294447]

Feb 10, 2011

Cisco bucks tide of tech optimism, shares fall

NEW YORK, Feb 10 (Reuters) – After disappointing Wall
Street quarter after quarter, Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) may be
losing its status as a tech industry bellwether.

Cisco shares were down 13 percent by midday on Thursday and
falling margins stoked concerns that competition and dwindling
public sector spending are stunting its growth.
[ID:nN08294447]

Feb 10, 2011

Cisco spooks Street again with weak outlook, margins

NEW YORK, Feb 9 (Reuters) – Network equipment maker Cisco
Systems Inc’s (CSCO.O: Quote, Profile, Research, Stock Buzz) CEO John Chambers spooked investors for
the third time in as many quarters, warning of dwindling public
spending and weaker margins from tough competition.

Cisco shares fell 10 percent after hours on Wednesday.
Shares of peers such as Juniper Networks Inc (JNPR.N: Quote, Profile, Research, Stock Buzz), F5
Networks Inc (FFIV.O: Quote, Profile, Research, Stock Buzz) and Riverbed Technology Inc (RVBD.O: Quote, Profile, Research, Stock Buzz) also
declined, but the recurring let-downs raised questions about
whether Cisco is still the industry bellwether it once was.

Feb 9, 2011

Cisco sales beat Street but margin disappoints

NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc’s weaker quarterly margins seemed to confirm investors’ fears that growing competition may be forcing the company to cut prices to protect market share.

Shares of Cisco fell more than 7 percent after Cisco Chief Executive John Chambers failed to reassure investors that public sector spending, a major source of concern in prior quarters, would improve. It could weaken in the next few quarters, he said.

Feb 9, 2011

Cisco investors hope for stability, stronger orders

NEW YORK, Feb 9 (Reuters) – After spooking the market for
two quarters with cautious forecasts, Cisco Systems Inc
must do more than meet or modestly beat analysts’ forecasts to
win back investor confidence.

Investors want Chief Executive John Chambers to show the
network equipment maker is gaining stability, and fighting off
rivals like Hewlett-Packard Co while winning orders for
routers and switches despite budget cuts among public sector
clients.

Feb 4, 2011

Cisco investors wary over rivalries and public debt

NEW YORK (Reuters) – No longer Wall Street’s top over-achiever, network equipment maker Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) must persuade wary investors it can fight off rivals such as Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) and soothe concerns about public sector spending cuts.

Although most investors forecast modest year-over-year revenue growth, some said they were approaching Cisco’s quarterly report next Wednesday with caution after surprisingly weak forecasts in the past two quarters.

Jan 25, 2011

EMC beats Street as tech spending recovers

NEW YORK (Reuters) – Data storage company EMC Corp’s (EMC.N: Quote, Profile, Research, Stock Buzz) quarterly results and full-year outlook exceeded Wall Street forecasts, adding to evidence of a recovery in business technology spending.

The world’s biggest maker of corporate data storage equipment said fourth-quarter revenue rose 19 percent to $4.9 billion, beating the analysts’ average forecast of $4.8 billion, according to Thomson Reuters I/B/E/S.

Jan 25, 2011

EMC beats Street, shares fall on VMware margins

NEW YORK (Reuters) – Data storage company EMC Corp’s (EMC.N: Quote, Profile, Research, Stock Buzz) quarterly results and full-year outlook beat Wall Street forecasts, adding to evidence of a recovery in business technology spending.

The company’s shares slid 1 percent, however, on concerns over weak margins at VMware (VMW.N: Quote, Profile, Research, Stock Buzz), majority-owned by EMC.

Jan 19, 2011

IBM blows past forecasts, services contracts rise

NEW YORK (Reuters) – International Business Machines Corp’s quarterly profit blew past Wall Street estimates, and a long-hoped-for recovery in its services business raised optimism that global companies were confident enough to spend more on technology.

IBM shares rose 2.7 percent after-hours after the company reported that fourth-quarter net income rose 9 percent to $5.3 billion. Its earnings per share (EPS) of $4.18 easily exceeded its $3.59 of the year-earlier quarter and Wall Street’s average forecast of $4.08, according to Thomson Reuters I/B/E/S.

Jan 18, 2011

IBM’s results blow past expectations, services strong

NEW YORK (Reuters) – International Business Machines Corp’s quarterly profit blew past Wall Street estimates, and a pick-up in services contracts raised hopes that global companies were confident enough to spend more on technology.

IBM shares rose 2.4 percent after-hours to $154.34 after the company reported quarterly net income of $5.3 billion, or $4.18 per share, compared with $4.8 billion, or $3.59 per share, a year earlier.