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Nov 11, 2010

Analysis: Government deals, once boon for Cisco, now a problem

NEW YORK (Reuters) – Cisco Systems Inc’s (CSCO.O: Quote, Profile, Research, Stock Buzz) reliance on government spending for a big piece of its business was seen as a good thing — until governments stopped spending.

Now, a sudden crunch in spending by debt-burdened European nations and U.S. state and local governments is partly to blame for a bleak forecast that rocked global markets.

Nov 11, 2010

Cisco’s dismal outlook stuns Street

NEW YORK (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research) gave a dismal revenue outlook, stunning investors who had hoped for proof of a recovery in technology spending, and sending major tech stocks falling.

Forecasts for quarterly and yearly revenue fell far short of Wall Street’s expectations, a big disappointment for a company known for solid management and seen as a top beneficiary of the surge in global wireless and Internet traffic. Cisco shares tumbled 13 percent after-hours.

Nov 11, 2010

Cisco’s dismal outlook stuns Street, hits sector

NEW YORK, Nov 10 (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz)
gave a dismal revenue outlook, stunning investors who had hoped
for proof of a recovery in technology spending and sending
major tech stocks tumbling.

Forecasts for quarterly and yearly revenue fell far short
of Wall Street’s expectations, a big disappointment for a
company known for solid management and seen as a top
beneficiary of the surge in global wireless and Internet
traffic. Cisco shares tumbled over 14 percent.

Nov 11, 2010

Cisco’s outlook disappoints, tech shares wane

NEW YORK (Reuters) – Top network equipment maker Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) gave a dismal revenue outlook, stunning investors who had hoped to see proof of a recovery in technology spending, and sending major tech stocks tumbling after-hours on Wednesday.

Forecasts for quarterly and yearly revenue fell far short of Wall Street’s expectations, a big disappointment for a company known for solid management and seen as a top beneficiary of the surge in global wireless and Internet traffic.

Nov 10, 2010

Cisco revenue jumps but some on Street want more

NEW YORK (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) served up a 19 percent jump in quarterly revenue as a revived economy encouraged more spending on networks to route Internet traffic, but some investors had hoped for stronger proof of a technology sector recovery.

Shares of the company, which have gained 23 percent since hitting a year’s low at the end of August, slid 4 percent in after-hours trade.

Nov 9, 2010

Netflix talks hit Akamai, rivals benefit

NEW YORK, Nov 9 (Reuters) – Akamai Technologies Inc
(AKAM.O: Quote, Profile, Research, Stock Buzz) and Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) are re-negotiating their
relationship, with Akamai at risk of losing its status as the
online video retail company’s primary content delivery
provider, sources familiar with the talks said on Tuesday.

Fears that Akamai would lose business from one of its most
important clients sent its shares down more than 4 percent,
while stocks in rivals Limelight (LLNW.O: Quote, Profile, Research, Stock Buzz) and Level 3 (LVLT.O: Quote, Profile, Research, Stock Buzz)
rose about 20 percent.

Nov 5, 2010

Cisco CEO comments key to igniting stock gains

NEW YORK (Reuters) – Investors will focus on whether Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) Chief Executive John Chambers, who spooked Wall Street last quarter with unusually cautious comments about the technology business, will regain some of his usual cheer when Cisco reports earnings next week.

The network equipment giant and sector bellwether is expected to deliver a strong set of results and an upbeat outlook. That, and a vote of confidence from Chambers, could boost its shares, which have languished in the past three months. A positive outlook could also raise hopes for a stronger recovery ahead in the overall technology sector.

Oct 27, 2010

Akamai calls Street’s view on 2011 “conservative”

NEW YORK, Oct 27 (Reuters) – Internet content delivery
company Akamai Technologies Inc (AKAM.O: Quote, Profile, Research, Stock Buzz) said sales in 2011
would likely exceed Wall Street’s forecasts due to the growing
popularity of online entertainment and shopping services,
sending the shares up 3.4 percent in after-hours trading.

Akamai also reported solid growth for the third quarter and
gave an upbeat outlook for the last three months of this year,
as more media companies and retailers seek its help in setting
up online services.

Oct 20, 2010

Dell plans ad makeover to shed low-price image

NEW YORK (Reuters) – Dell Inc is getting a marketing makeover, trying to shed its image as a cheaper alternative to rivals, including the sleek and highly popular gadgets sold by Apple Inc.

The world’s No. 2 PC maker said on Wednesday it will spend “hundreds and hundreds of millions” on an advertising campaign for its consumer business, to coincide with the launch of new products, including laptops with JBL speakers.

Oct 19, 2010

Juniper sales miss Street, shares slide

NEW YORK, Oct 19 (Reuters) – Juniper Networks’ (JNPR.N: Quote, Profile, Research, Stock Buzz)
quarterly revenue slightly missed Wall Street’s expectations,
disappointing investors who had hoped for stronger signs of a
recovery in network spending.

But Juniper, which competes with much bigger Cisco Systems
Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) in selling routers and switches, gave an upbeat
outlook for the current quarter, helping to limit a sell-off in
the shares.