twignberries Posted May 11, 2004 Report Share Posted May 11, 2004 CSCO beats by a penny...STUNNING Nice. So, the headlines tonight will be "Markets Up Big, CSCO Beats Estimates", and all the sheep will go to bed with smiles on their faces - "No need to check the portfolio for a while, it's headed up, all is well in the world once more." Meanwhile, futures are taking a dump afterhours. Ya, right - there is no Matrix Link to comment Share on other sites More sharing options...
Captain's Log Posted May 11, 2004 Report Share Posted May 11, 2004 CSCO beats by a penny...STUNNING Really ? Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 4:26 (Dow Jones) Cisco (CSCO) shares slipped a little after the closing bell before clawing back on 3Q earnings before items that beat the Street's expectations by a penny...again. That's a little disappointing, especially given rumors earlier today that EPS would by 2c above consensus at 20c. Sales look in-line with forecasts, although again may be a little shy of the 'whisper' given the pickup in tech spending in April and the recent bounce in the dollar. Some investors will be happy with the performance in what is a seasonally weak quarter, but others will point to the extra week in the quarter this year as a mitigating factor. Chambers' comments on the call will be key, with investors hoping he sees enough to be more upbeat. CSCO trading at $22.17 after hours having closed at $22.25. (NPB) Link to comment Share on other sites More sharing options...
brian4 Posted May 11, 2004 Report Share Posted May 11, 2004 56 of the top 100 on the Island are RED-by time Chambers is finished speaking they may all be! Link to comment Share on other sites More sharing options...
twignberries Posted May 11, 2004 Report Share Posted May 11, 2004 Meanwhile, futures are taking a dump afterhours. Whoops, spoke too soon. We'll see what happens by morning. Who knows, maybe another ramp job and continuation of the rally. Crazy people, I tell ya. Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 Hahahaha Saw this over on the yahoo CSCO board. "Chambers Conference call is like perfume on a turd" Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 In case you're wondering how they engineered the last half hour jam job to push the DOW back above 10000, the following Fed President announcement hit at 3:30. May 11 (Bloomberg) -- Monetary policy is unlikely to turn ``restrictive'' as the Federal Reserve raises interest rates at ``a measured pace'' in an expanding economy, Philadelphia Federal Reserve Bank President Anthony Santomero said. http://quote.bloomberg.com/apps/news?pid=1...jmxaC0&refer=us Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 Video of slaughtered American contractor Nick Berg please be forewarned: It is a gruesome video, and will almost certainly offend you and make you angry. Censored???!!!! Homeland Security. Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 CSCO now -.45 AH Even as sales rose, Cisco's inventories increased even faster, up around 20 percent from the preceding quarter, said Shawn Campbell, principal with Chicago-based Campbell Asset Management, which owns Cisco shares. "If you remember when Cisco kind of fell apart back when the tech bubble burst, one of the first issues that we saw was a dramatic rise in inventories," he said. "So it certainly deserves some explaining." http://biz.yahoo.com/rb/040511/tech_cisco_earns_4.html Link to comment Share on other sites More sharing options...
flockofsheeples Posted May 11, 2004 Report Share Posted May 11, 2004 added may 1080/1070 bear spread to the arsenal today. Rock on! Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 Csco now dropping like a pair of sh*tty drawers! Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 Looks like CSCO lowered their forcast. Cisco Systems Inc. (NasdaqNM:CSCO - News) on Tuesday forecast fourth-quarter revenue growth of 3 percent to 5 percent from the third-quarter level of $5.62 billion, a growth level that the company called moderate. anal cysts on average were expecting fourth-quarter sales of $5.75 billion, according to Reuters Research, a unit of Reuters Group Plc. Link to comment Share on other sites More sharing options...
The End Posted May 11, 2004 Report Share Posted May 11, 2004 Looks like CSCO lowered their forcast. Cisco Systems Inc. (NasdaqNM:CSCO - News) on Tuesday forecast fourth-quarter revenue growth of 3 percent to 5 percent from the third-quarter level of $5.62 billion, a growth level that the company called moderate. anal cysts on average were expecting fourth-quarter sales of $5.75 billion, according to Reuters Research, a unit of Reuters Group Plc. Even at 5.75 billion the co. does not merit these valuations. That is hardly any growth for the great and mighty CSCO. Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2004 Report Share Posted May 11, 2004 MONDAY?S MINI-CRASH: Hedge funds to blame: Published on May 12, 2004 The Stock Exchange of Thailand, which recovered some lost ground yesterday, suffered a mini-crash on Monday at the hands of profit-taking international hedge funds, said SET president Kittiratt Na Ranong. ?Hedge funds? investment cycle is shorter than ever. When they make enough profit and see any bad factor coming onto the market, they will sell out stocks to hold cash instead,?? he said. ?This has become a normal phenomenon, especially in emerging markets.? http://nationmultimedia.com/page.news.php3...13459&usrsess=1 Link to comment Share on other sites More sharing options...
The End Posted May 11, 2004 Report Share Posted May 11, 2004 At 35X earnings, growing at 3-5% is terrible. Wake up! bully. Give a valuation I could buy and hold on. Sorry that would mean SPX 400. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.