May 13, 2010

Cisco Systems` CEO: Wait For Additional Economic Data Before Becoming Too Optimistic

"Given all the uncertainties regarding the strength and shape of the recovery, concerns about the recovery possibly slowing and the unknown extent of job creation, we encourage you to wait for additional economic data before becoming too optimistic."

John Chambers, Cisco Systems CEO

Shares of Cisco Systems Inc. fell Thursday, a day after the technology giant posted a 63% surge in profit, but issued a forecast that analysts considered cautious, even unimpressive.

Related Stock: Cisco Systems, Inc. (Public, NASDAQ:CSCO)

No comments: