Log In | Register
0 Comments
Printadvertisement
Cisco Systems Inc. warns that orders dropped off dramatically in October, and now it expects revenue to fall in the current quarter.
On a conference all with analysts and investors, Chief Executive John Chambers said he expects revenue to fall 5 percent to 10 percent in its fiscal second quarter, which began Oct. 26.
That indicates revenue will be between $8.85 billion and $9.34 billion, far below the $10.4 billion expected by analysts polled by Thomson Reuters.
Chambers said the slowdown already under way in the U.S. spread to Europe, emerging markets and lastly Asia during the last quarter.
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
0 Votes- Enjoy this article? Help vote it up the 'Vine.
Published to:
- Associated Press's Column, All of Newsvine
- Groups: none
- Regions: United States
 | Cisco warns of demand shortfall; earnings flat | Associated Press | Wed Nov 5 | 0 |
- Public Discussion (0)
{"canLink":false,"threadId":0,"isPrivate":false}
You're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
As a new user, you may notice a few temporary content restrictions. Click here for more info.
Start Tracking
Stop TrackingCOMPANY STUFF:
LEGAL STUFF:
- © 2005-2009 Newsvine, Inc. |
- Newsvine® is a registered trademark of Newsvine, Inc. |
- Newsvine is a property of
