Cisco warning shakes markets

Article Abstract:

San Jose, Calif.-based Cisco Systems Inc., which is led by president and chief executive officer John Chambers, has issued a warning to investors that it will miss its 2001 third quarter earnings forecast. Cisco, which has been hurt by declining demand for its telecommunications equipment, said its 2001 third quarter revenues would fall by thirty percent.

Finance

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Cisco outlook still clouded

Article Abstract:

Cisco Systems Inc. posted a drop of 77% in its third-quarter earnings as the New Economy slowdown has been worse than expected. The company cautioned that its short-term forecast was unclear.

Forecasts and trends

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Cisco slashes 25% of Canadian staff

Article Abstract:

Cisco Systems Inc. is laying off 25% of its Canadian workforce in response to the decline in networking gear demand. The layoffs come out to approximately 265 jobs.

Canada, Labor force information, Foreign operations, Human resource management

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