Cisco's third-quarter earnings leap 55%

Article Abstract:

Cisco Systems has posted a strong 3rd qtr 1999 earnings with a leap of 55% to hit $4.9 billion compared to the same period in 1998. Net income increased by 4% to $662 million, or 9 cents per share. Orders from corporate customers have likewise increased by 20% from the same quarter in 1998. Some analysts beliee that Cisco's stock, which trades at 190 times earnings for FY1999, is overvalued. The firm's aggressive merger strategy and its acquisitions have diluted its shares.

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Strong earnings for tech's titans

Article Abstract:

Microsoft Corp and Intel Corp posted better-than-expected profits for their latest quarters. Intel reported an increase in net income to $3.1 billion in 2nd qtr 2000, a large jump from the $1.8 billion it posted for the same period in 1999. Microsoft, despite posting no significant gains in revenues, reported a 9% increase in fiscal 4th qtr 2000 revenues to $2.4 billion. Flat sales for the quarter is attributed to the reluctance of most corporate clients to upgrade their systems until summer 2000.

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Software Publishers, Computer Software, Microsoft Corp.

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Cisco's earnings don't impress investors

Article Abstract:

Cisco Systems has reported a strong 1st qtr 2001 net income of $798 million, or 11 cents per share. The networking company's earnings edged past Wall Street expectations as well as its earnings for the same quarter in FY2000 by 92%. Its revenue also rose 67% to $6.5 billion. Despite Cisco's strong performance, however, investors have shown a cautious attitude. Its stock price went down $1.63, or 3%, to $55.13 in regular trading. In after hours trading, its shares fell to $54.75.

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