Cisco Long on Hope, Short on Outlook
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Moritz Dispatch
Nov 4, 2009, 10:53:50 AM11/4/09
to Moritz Dispatch
Scott Moritz
11/04/09 - 10:26 AM EST
NEW YORK (TheStreet) -- Cisco is warming up the band for perhaps
another penny beat, but Wall Street has its ears attuned to the
outlook.
The networking gearmaker will report fiscal first-quarter earnings
after the bell Wednesday, and investors will be listening keenly for
assurance that the economy is stabilizing and tech spending is
improving.
But don't set your hopes too high. The outlook for tech and the
broader economy continues to be blurry, and though CEO John Chambers
enjoys playing an economist on earnings calls with analysts, he may
opt, like his tech peers, to hold off on any long-range predictions.
Click here for the full Cisco curtain-raiser:
http://www.thestreet.com/story/10621422/1/cisco-long-on-hope-short-on-outlook.html
11/04/09 - 10:26 AM EST
NEW YORK (TheStreet) -- Cisco is warming up the band for perhaps
another penny beat, but Wall Street has its ears attuned to the
outlook.
The networking gearmaker will report fiscal first-quarter earnings
after the bell Wednesday, and investors will be listening keenly for
assurance that the economy is stabilizing and tech spending is
improving.
But don't set your hopes too high. The outlook for tech and the
broader economy continues to be blurry, and though CEO John Chambers
enjoys playing an economist on earnings calls with analysts, he may
opt, like his tech peers, to hold off on any long-range predictions.
Click here for the full Cisco curtain-raiser:
http://www.thestreet.com/story/10621422/1/cisco-long-on-hope-short-on-outlook.html
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