Wednesday, November 5, 2008

Cisco

http://www.cnbc.com/id/27559945
Just awful numbers from OCT, 9% decreases in sales. Look for more bloodletting in Nov and Dec which are normally slower months for the IT sales. These guys have cash and use it to fund there own deals where need so liquidity is not an issue, just no one is buying. Also consider this is one of the most optimist CEO's there is and is outlook is bleak.

No comments: