Rochester, NY 8/6/2009 11:57:12 AM
After Hours - Cisco Systems, Inc., CSCO - Cisco being cautious about company’s recovery, declines shares
Cisco Systems, Inc.
Cisco Systems Inc. Chief Executive John Chambers, states that the business condition of the company is improving, but he said it is still too soon to call recovery, making it sales declines down to 3 percent.
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Cisco revenue outlook was mostly in line with Wall Street's expectations and profit for the July quarter exceeded forecasts. But the cautious remarks from the Cisco's CEO disappointed those who sought a stronger declaration that global technology spending was on the mend.
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