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Cisco Afterhours Carnage

Tyler Durden's picture





 

Update: $19.90 now

One of these years Cisco will actually trade up after earnings. We promise. Just not yet... not yet. In the meantime, enjoy the latest carnage. But never forget: the gross margin collapse, the plunge in the consumer business, and that whole "transition" language - that's all very much company-specific. There is no way, repeat no way, that Cisco weakness can ever be systemic. And forget that Cisco was the first company to go pop during most previous bubbles. That also does not fit the script.

 


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Wed, 02/09/2011 - 17:52 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

Buy the effin' dip!

Wed, 02/09/2011 - 18:12 | Link to Comment Logans_Run
Logans_Run's picture

I like to wait for the dips to bounce first! This isn't a dip yet, it is a cliff!

Wed, 02/09/2011 - 18:35 | Link to Comment Thorny Xi
Thorny Xi's picture

And at the top of this story's page, a link to this: 

 

"After the CNBC interview we caught up with Mr. Resendes to elaborate a little more on his recommendations and provide his view on the current market conditions.

We will begin by providing some details on Mr. Resendes’ stock recommendations and some key reasons he finds them attractive.

Mr. Resendes’ Stock Picks

Large Cap Buy Ideas - All owned by the Toreador Large Cap Fund: TORLX

Cisco, Medtronic, and Bank of America"

Wed, 02/09/2011 - 18:42 | Link to Comment mynhair
mynhair's picture

OMG!  I fell for it, and bought BOA!  Bad spanky!

Ya, right.

Wed, 02/09/2011 - 19:30 | Link to Comment Careless Whisper
Careless Whisper's picture

at least you didn't go for WFC

Wells Fargo: Our Chief Financial Officer is gone! No, we're not going to tell you why. It's not your concern, you're just a shareholder. We do what we want and are not accountable. Get it?

 

Thu, 02/10/2011 - 01:23 | Link to Comment Ted K
Ted K's picture

When a large percentage of "shareholders" are only day trading, speculating, and own a teensy bit in their "I'm a dumbf*ck lamb ETF fund" Just what in the hell did you think would happen??? They would roll out the red carpet and have a name tag waiting for you at the next shareholders meeting?? You damned idiots!!!  

It's called Corporate Governance.  Crack open a newspaper, read a real book, grow a brain, and learn about it.

 

Thu, 02/10/2011 - 05:02 | Link to Comment Bearish News
Bearish News's picture

Ding ding ding! Now THAT is a diversified portfolio!

Medtronic, you got  some medical thingy. Cisco, you got a computer thingy. And Bank of America, you got some weird kinda money-loan shit! BOOOOOO--yyyyAAAAAHHHHHH.

Wed, 02/09/2011 - 18:34 | Link to Comment scratch_and_sniff
scratch_and_sniff's picture

+1 dont buy the cliff.

Wed, 02/09/2011 - 19:52 | Link to Comment 11b40
11b40's picture

Didn't you hear?  'Effin' dips have been banned.  What part of "no more dips" don't you understand?  Buy high & hope you can sell higher (and fast enough).

Wed, 02/09/2011 - 17:56 | Link to Comment Ragnarok
Ragnarok's picture

Empty offices don't need new equipment bitchez!

 

The Human Network (or lack thereof LOL!)

Wed, 02/09/2011 - 18:26 | Link to Comment Michael
Michael's picture

Plus the equipment from bankrupt business gets resold at bargain basement prices. Who needs new when you can get slightly used at 10 cents on the dollar.

Wed, 02/09/2011 - 19:50 | Link to Comment VegasBD
VegasBD's picture

Exactly. As an IT Manager for a high end Visual Effects house here in LA, I dont buy anything retail, soooo many shops have gone out of biz in the last few years I have EXTRA equipment that I've gotten for much less than 10 cents on the dollar...

Wed, 02/09/2011 - 18:30 | Link to Comment b_thunder
b_thunder's picture

The Human Expert Network

Wed, 02/09/2011 - 17:55 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

AKAM getting killed too.

Wed, 02/09/2011 - 18:43 | Link to Comment SashaBelov
SashaBelov's picture

But how's that? They've beaten street's estimates :)

http://www.bloomberg.com/news/2011-02-09/akamai-profit-exceeds-analysts-...

Wed, 02/09/2011 - 17:57 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

The slightest contusion becomes a lethal wound
You know how to lie, you know how to take a hint
Resorting to proper measures to stop the trend
Previously unyielding but now compelled to bend
but now compelled to
OFFICIAL VERSION
OFFICIAL VERSION
The calling of forces from which I can't recoil
Previously unyielding but now compelled to bend
It's a carnage

http://www.youtube.com/watch?v=8w8M_Qi2THw

Wed, 02/09/2011 - 18:25 | Link to Comment Pez
Pez's picture

Quite an appropriate, awesome tune! +1

Wed, 02/09/2011 - 17:55 | Link to Comment tunaman4u2
tunaman4u2's picture

I'm long CSCO at 20.41, not pretty baby! 

Wed, 02/09/2011 - 17:55 | Link to Comment mynhair
mynhair's picture

But MW is touting their revs as up, and guidance higher!

Wed, 02/09/2011 - 18:02 | Link to Comment cougar_w
cougar_w's picture

JNPR as well. They often trade across each other, obvious reasons. Hmm this does not look good for my positions. Or BTFD all the way to the bottom.

edit: Bah, CSCO profits down 18% Q2, that s'plains it. JNPR is going down in sympathy though not by much.

edit: Christ, CSCO is being killed. WTF

Wed, 02/09/2011 - 17:57 | Link to Comment SheepDog-One
SheepDog-One's picture

ONLY applies to CISCO of course! Rest of the economy partying like its 1929....

Thu, 02/10/2011 - 03:54 | Link to Comment eurobug
eurobug's picture

Lol that gave me a chuckle. Visual image of bunch of fat guys in suits partying on the stock floor, on prince's music...

When did the economy go kaput in '29? It was october, no? So still some months to partay then! Wonder who will yell "fire" first...

 

Wed, 02/09/2011 - 17:58 | Link to Comment SheepDog-One
SheepDog-One's picture

No worries...Im sure by 15 mins before open all will be forgotten as futures ride the unicorn dew rainbow higher!

Wed, 02/09/2011 - 17:58 | Link to Comment eckart
eckart's picture

close one's eyes and ears and just BTFD :)

Wed, 02/09/2011 - 17:59 | Link to Comment Ragnarok
Ragnarok's picture

Wasn't the insider at cisco selling like crazy these last few months?

Wed, 02/09/2011 - 18:55 | Link to Comment Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Insider selling has been crazy for all companies. Stock is a lot like fiat money. It comes out of nowhere, some guys in a room decided to print some, and there are some vague justifications to "value" even though underlying production is nowhere near the actual value of the outstanding stock. Aaaaand, if you get your stock options cheap (a la 0% loans to TBTFs) why wouldn't you dump as much of that as you can justify? Er, I mean provide long term value to any number of brain-dead pension funds... Of course, you ARE trading it for Uncle Bens FiatBux, but those still get you a nice villa in Zermatt and your choice of Lithuanian prostitutes, etc. 

Wed, 02/09/2011 - 19:11 | Link to Comment Ludwig Van
Ludwig Van's picture

 

No Cisco insider selling since at least Sept.10, possibly -- likely -- since further back. (I have lists only from Sept. activity.)

 

Wed, 02/09/2011 - 18:01 | Link to Comment Misean
Misean's picture

Earnings are important to stock prices?!?! Seriously?!?!

Wed, 02/09/2011 - 18:02 | Link to Comment treemagnet
treemagnet's picture

Snow, for sure.

Wed, 02/09/2011 - 20:17 | Link to Comment Prof Gulliver
Prof Gulliver's picture

It was my fault. I use a snowflake screensaver on my network with Cisco routers.

Wed, 02/09/2011 - 18:03 | Link to Comment buzzsaw99
buzzsaw99's picture

That's not right.

Wed, 02/09/2011 - 18:03 | Link to Comment Hephasteus
Hephasteus's picture

India is crashing slowly and surely. If it goes it will drag entire IT complex by the balls into the abyss.

Wed, 02/09/2011 - 18:04 | Link to Comment Ragnarok
Ragnarok's picture

What are some good Indian information sources?

Wed, 02/09/2011 - 18:08 | Link to Comment mynhair
mynhair's picture

Vonage help line - not.

Wed, 02/09/2011 - 18:43 | Link to Comment whatsinaname
whatsinaname's picture

Inflation and local politics are the 2 big dogs in India. Plus the RBI has been ahead of the curve hiking interest rates 3 times in recent months. Unlike here in the US, food and energy prices matter a lot in India. The Sensex though is filled with foreign money and its been on a tear since 1982 (thats when the 401k programs started in the USA) and even more so after 1990. Take a look at all the eerie charts for various countries at chartsrus.com !!

 

Wed, 02/09/2011 - 18:48 | Link to Comment Hephasteus
Wed, 02/09/2011 - 18:06 | Link to Comment DosZap
DosZap's picture

Thats ONE of the reasons for the #2 slot in Gold & Silver owners in the world.

They use paper to wipe with, and write on.

Wed, 02/09/2011 - 18:03 | Link to Comment Agent P
Agent P's picture

This sucks ass!

Wed, 02/09/2011 - 18:05 | Link to Comment americanspirit
americanspirit's picture

Looks like Ben forgot to buy enough CSCO. Oops! Wack-a-mole time tomorrow.

Wed, 02/09/2011 - 18:08 | Link to Comment NOTW777
NOTW777's picture

yeah but rich people love good food  - WFMI

Wed, 02/09/2011 - 18:11 | Link to Comment mynhair
mynhair's picture

WFMI now accepting SNAP.......

Wed, 02/09/2011 - 18:09 | Link to Comment mynhair
mynhair's picture

It'll hit 24 tomorrow.  Buy!  With both hands!

Wed, 02/09/2011 - 18:14 | Link to Comment cougar_w
cougar_w's picture

Heh. Probably true. The Bernank will have his shock troups on this one. 5% pop on open or GTFO.

Wed, 02/09/2011 - 18:10 | Link to Comment AR15AU
AR15AU's picture

Its OK, Harry Wanger says just use tight stops.

Wed, 02/09/2011 - 18:29 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Yeah, must be nice to have those Cray algorithms working for you.

Wed, 02/09/2011 - 18:10 | Link to Comment buzzsaw99
buzzsaw99's picture

"The quarter played out as we expected. Our strategy of tightly integrating our multiple products through an architectural approach is working, and we are delivering innovation in each major product family," said John Chambers, chairman and chief executive officer. "As a company, we are going through a period of transition as we move aggressively in the market with our architectural strategy. We have managed these market transitions many times, positioning Cisco and our customers for success. Simply put, we are owning our evolution and the next generation of industry leadership."

 

translation: suck it bitchez!

Read more: Cisco Q2 profit dips a bit but beats Street | Sacramento Business Journal
Wed, 02/09/2011 - 18:13 | Link to Comment mynhair
mynhair's picture

"Simply put, we are owning our evolution and the next generation of industry leadership."

Vendor financing, bitchez!

Wed, 02/09/2011 - 18:55 | Link to Comment Hephasteus
Hephasteus's picture

Translation we are spending bunch of money with a bunch of other idiots on cloud based computing that people are going to respond to us like we have herpes, hepatitis c, aids, super aids, cholera, Cron's disease, and gingivitus, and the newly discovered butt gingivitus. Due to people's sincere desire to not get every transfer done through the net while we are jacking up internet costs and capping.

Wed, 02/09/2011 - 18:13 | Link to Comment GoldmanSux
GoldmanSux's picture

Tommorrow morning the CEO good 'ol boy will be on CNBC just all shucks, golly gee, yes ma'am, oozing sincerity. That's how you know he's a lying fucker.

Wed, 02/09/2011 - 18:14 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

ATVI getting destroyed too.

Wed, 02/09/2011 - 18:15 | Link to Comment Clampit
Clampit's picture

Humm, POMO must be a government run 9-5 operation.

Wed, 02/09/2011 - 18:21 | Link to Comment americanspirit
americanspirit's picture

Like all myths, the myth of Big Bad Ben falls apart when it collides with reality in the form of the Cisco Kid. He now becomes Pancho's boy toy.

Wed, 02/09/2011 - 18:22 | Link to Comment Stoploss
Stoploss's picture

This plays a part as to the reasons why.

Biflation (sometimes mixflation) is a state of the economy where the processes of inflation and deflation occur simultaneously.[1] The term was first introduced by Dr. F. Osborne Brown, a Senior Financial Analyst for the Phoenix Investment Group.[2] During Biflation, there's a rise in the price of commodity/earnings-based assets (inflation) and a simultaneous fall in the price of debt-based assets (deflation).[3]

The price of all assets are based on the demand for them versus the volume of money in circulation to buy them.

With biflation on the one hand, the economy is fueled by an over-abundance of money injected into the economy by central banks. Since most essential commodity-based assets (food, energy, clothing) remain in high demand, the price for them rises due to the increased volume of money chasing them. The increasing costs to purchase these essential assets is the price-inflationary arm of Biflation.[4]

With biflation on the other hand, the economy is tempered by increasing unemployment and decreasing purchasing power. As a result, a greater amount of money is directed toward buying essential items and directed away from buying non-essential items. Debt-based assets (mega-houses, high-end automobiles and stocks) become less essential and increasingly fall into lower demand. As a result, the prices for them fall due to the decreased volume of money chasing them. The decreasing costs to purchase these non-essential assets is the price-deflationary arm of biflation

Wed, 02/09/2011 - 18:26 | Link to Comment Racer
Racer's picture

earnings, fundamentals and reality bitchez

Wed, 02/09/2011 - 18:41 | Link to Comment Hephasteus
Hephasteus's picture

Reality. It just doesn't give a shit about your hopes and dreams of world domination.

Wed, 02/09/2011 - 18:30 | Link to Comment b_thunder
b_thunder's picture

i want it back to 19!!!!!  

 

Wed, 02/09/2011 - 18:31 | Link to Comment Yancey Ward
Yancey Ward's picture

I paraphrase CNBC.  Cisco is a value trap, and isn't emblematic of the future growth of tech and the economy.  Really, you look to a company with only $40 billion in yearly revenue as a bellweather?  Grow up investors.

Wed, 02/09/2011 - 18:38 | Link to Comment topcallingtroll
topcallingtroll's picture

Ohhh! So trollish! Sends shivers up my spine.

Wed, 02/09/2011 - 18:36 | Link to Comment topcallingtroll
topcallingtroll's picture

We need huge productivity numbers to avoid margin compression and moderate the effects of commodity inflation but they are more vague and mysterious than m3 or bank asset ratio calculations. Watch productivity. It should rise initially as we get out of this growth recession, but if core rises and ebitda doesnt improve then all of us playing at the liquidity fountain deserve our fate as tyler said.

Wed, 02/09/2011 - 18:50 | Link to Comment mynhair
mynhair's picture

We who?  Us baby boomers are retiring en mass.  Who is left to work?

Wed, 02/09/2011 - 18:58 | Link to Comment Hephasteus
Hephasteus's picture

Not gen x. We are all massively rebellious uranians. We just want to break shit and reformulate everything.

Gen y wants to play World of Warcraft and eat pizza.

I'll work for a day if you need a bad accident to happen there. LOL

Wed, 02/09/2011 - 19:35 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Wow.

I have the sudden urge to order a couple of pizzas.

Wed, 02/09/2011 - 19:38 | Link to Comment Hephasteus
Hephasteus's picture

Awe you know I'm just joking around.

It's fun to generalize to an insane amount.

Wed, 02/09/2011 - 19:46 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Just hackin' on ya, bro. ;-)

BTW, I don't play that ridiculous game. Tetris is more up my alley. My current age precludes my membership into the GenY Club.

Wed, 02/09/2011 - 20:20 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Why should I work? It's all going to go to the Boomers anyway.

Wed, 02/09/2011 - 18:38 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

Update: $20.18 now

Wed, 02/09/2011 - 18:40 | Link to Comment XRAYD
XRAYD's picture

Isn' this what happend to the Bangladesh market?

 

Shall we riot?

Wed, 02/09/2011 - 18:41 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

Update: $20.23 now

Wed, 02/09/2011 - 18:43 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

Update: $20.28 now

Wed, 02/09/2011 - 18:51 | Link to Comment mynhair
mynhair's picture

Yep, 24 tomorrow.

Wed, 02/09/2011 - 18:47 | Link to Comment razorthin
razorthin's picture

But never forget: the gross margin collapse, the plunge in the consumer business, and that whole "transition" language - that's all very much company-specific.

LOL!  Considering the source, I'll take that as sarcasm.

It might be a large-cap laggard that has long since lost it's sex appeal, but with it's products still dominating corporate IT infrastructure, you can't tell me it doesn't matter.

Wed, 02/09/2011 - 19:31 | Link to Comment Hephasteus
Hephasteus's picture

No worries. There's a new ipad. And since apple tends to cannibalize it's captive market with I want the NEW ONE all those fanboys will rush out and buy the brand new one.

50 million idiots who spend like they are 400 million.

Wed, 02/09/2011 - 18:48 | Link to Comment xamax
xamax's picture

---green tomorrow, no doubt !

for all those still bearish: THIS MARKET WILL ONLY GO UP

P.S: in 80 years, the Chairsatan will be in history books as the man who destroyed all basic economic rules.

Wed, 02/09/2011 - 18:52 | Link to Comment raya123
raya123's picture

Until the market either 1) figures out that QE is destroying profit margins, or 2) gets scared (at least temporarily) that QE will soon stop.  Either way the market will go down sharply at some point.

Wed, 02/09/2011 - 19:03 | Link to Comment xamax
xamax's picture

dont agree with you as:

1) until the market: there is no market anymore, it's all manipulated by Treasury/Fed.

2) Treasury/Fed will buy ES like crazy as soon as the (so-called) market could tank (means that DJI could be in the red by a few points).

Bottom line: Basically your comments would be fully right in a free market but that's not the case since end of 2008 ! 

Wed, 02/09/2011 - 18:48 | Link to Comment digalert
digalert's picture

I'll have to tune in Jim buybuybuy Cramer to see him flounder over one of his favs Cisco.

Wed, 02/09/2011 - 18:50 | Link to Comment OptionsHedge
OptionsHedge's picture

You can enjoy the carnage of this has been technology gaint carcass at Whole Foods, that is zooming up 10% AH as the consumer is back. Revolving credit!

Wed, 02/09/2011 - 18:52 | Link to Comment mynhair
mynhair's picture

Do flies flock to the pile that stinks, or stinks less?

Wed, 02/09/2011 - 18:56 | Link to Comment razorthin
razorthin's picture

ponzi clownbux have no "home"

Wed, 02/09/2011 - 18:51 | Link to Comment oddjob
oddjob's picture

Who in their right mind buys a stock with a 5.5 billion float?

Wed, 02/09/2011 - 18:53 | Link to Comment mynhair
mynhair's picture

Harry.

Krap, misread. You said 'right mind'.

Wed, 02/09/2011 - 18:52 | Link to Comment max2205
max2205's picture

No new low bitchezzs

Wed, 02/09/2011 - 18:56 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

Update: OMG, did you hear that Lindsay Lohan is back in court again today? It's all over the news!

Wed, 02/09/2011 - 19:36 | Link to Comment Careless Whisper
Careless Whisper's picture

listen, lindsey had the balls to sue etrade -- and she won. she hates the banksters and did something about it. and she's in to the silver thing too;

http://www.youtube.com/watch?v=WoHOAPSgzJM

 

Wed, 02/09/2011 - 19:32 | Link to Comment apberusdisvet
apberusdisvet's picture

Nasdaq goes to 1000 in 10, 9, 8, 7.............Bingo

Wed, 02/09/2011 - 19:36 | Link to Comment dirtydroog
dirtydroog's picture

Ok, this is a totally noob question, I've been trading my own money for a while now but I can't figure out what this after-hours trading is. Who gets to do it, is it just another market, or is it some sort of privileged circle?

Wed, 02/09/2011 - 19:50 | Link to Comment ZakuKommander
ZakuKommander's picture

If you have modern weaponry, you're capable of getting into the Club. Search "after-hours secret handshake" for details.

Wed, 02/09/2011 - 22:11 | Link to Comment Clockwork Orange
Clockwork Orange's picture

You should be able to do it - just need approval from your brokerage firm for extended hours trading.  If they don't facilitate it, switch.  You should be able to buy/sell/short etc. from 7:30am to 8:00pm.  If you want 24/7 open a futures account.

Wed, 02/09/2011 - 22:12 | Link to Comment Clockwork Orange
Clockwork Orange's picture

You should be able to do it - just need approval from your brokerage firm for extended hours trading.  If they don't facilitate it, switch.  You should be able to buy/sell/short etc. from 7:30am to 8:00pm.  If you want 24/7 open a futures account.

Wed, 02/09/2011 - 19:46 | Link to Comment virgilcaine
virgilcaine's picture

They missed back in Nov also. Same Price mvmt also.

Wed, 02/09/2011 - 20:05 | Link to Comment bogey4
bogey4's picture

Is that a B Berg screen?

Wed, 02/09/2011 - 20:20 | Link to Comment fedspeak
fedspeak's picture

Jimmy Rogers said it most eloquently a week or so ago..that he would not touch equities and all of his investments are in Agriculture or shorting the Bond Market..  Not so sure about the highly manipulated Bond Market as seen by the crazy move Feb 9th, but his Agriculture call is spot on as seen by Wheat, corn, soybeans, cotton and cocoa all at fresh new contract highs.

http://chart.ly/uxsfadp 

Not sure what the Feds are looking at when they say that there is no infation as All soft futures are at new contract highs... Just wonder what Charts helicopter Ben is actually looking at??

 

 

Wed, 02/09/2011 - 21:29 | Link to Comment damijan
damijan's picture

He said last week that he is short some tech stocks and an emerging market ETF.

Wed, 02/09/2011 - 20:27 | Link to Comment Atomizer
Atomizer's picture

May I purchase a share in (3) easy zero interest payments for only $6.633?

Wed, 02/09/2011 - 21:03 | Link to Comment carbonmutant
carbonmutant's picture

“CSCO continues to see challenges in the public sector…”

 Sounds like CSCO and Meredith Whitney are reading from the same book.

Wed, 02/09/2011 - 22:14 | Link to Comment Clockwork Orange
Clockwork Orange's picture

Not anymore.  Barry just volunteered to bail out California and Illinois.  Thanks, Texas.

Wed, 02/09/2011 - 22:07 | Link to Comment destraht
destraht's picture

Remember that the world just ran out of available IP v4 addresses (in bulk) in the least week and that fairly soon there will be a need for tons of IP v6 systems. We are quite fine in the short term however but this will only become more and more of a problem as time goes on. In the short term there should be plenty of IP v4 addresses to recycle around. If I wanted to make a killing I would drive Cisco stock down and then create some sort of government mandate for IP v6 Internet addresses which would be a huge boon for Cisco.

In short if Cisco stock drops like some panties then I will be going super long and hard

Wed, 02/09/2011 - 23:17 | Link to Comment SilverRhino
SilverRhino's picture

>> Remember that the world just ran out of available IP v4 addresses (in bulk) in the least week and that fairly soon there will be a need for tons of IP v6 systems. ... If I wanted to make a killing I would drive Cisco stock down and then create some sort of government mandate for IP v6 Internet addresses which would be a huge boon for Cisco.

This is a good way to get raped.  IPv6 address support is already in IOS builds for Cisco Routers.  It's a code upgrade; NOT a hardware upgrade.  

Thu, 02/10/2011 - 08:42 | Link to Comment destraht
destraht's picture

As far as I know they are not obligated to provide free value especially when it means their ass. Additionally they make a ton of home and small office equipment.

from Wikipedia

Cisco IOS releases meant for use on Catalyst switches are available as "standard" versions (providing only basic IP routing), "enhanced" versions, which provide full IPv4 routing support, and "advanced IP services" versions, which provide the enhanced features as well as IPv6 support.

This is going to make many of those several year old routers that would be otherwise perfectly fine not be good enough anymore in a year or two from now.

Wed, 02/09/2011 - 22:22 | Link to Comment Iam_Silverman
Iam_Silverman's picture

They just installed a Cisco VOIP system where I work.

I wish the system worked.  It's pretty iffy, at best.

Why did the replace the POTS when they worked fine?

Wed, 02/09/2011 - 23:09 | Link to Comment Atomizer
Atomizer's picture

Leave no Cisco router's behind

Wed, 02/09/2011 - 23:47 | Link to Comment Reese Bobby
Reese Bobby's picture

CSCO treats their stock like The Ben Bernank treats the U.S. Dollar: print 'em baby!

The only way to make money in CSCO is to work for the company and rise to a point where you can exercise and sell free warrants same day, (or sell a hail mary start up to them for the same deal).

Basically like most other public companies, only on a greater scale.

Gee, I wonder why insiders hardly ever actually buy the stock of a company they work for when it is free and abundant as funny money...

Thu, 02/10/2011 - 00:47 | Link to Comment Colonel Sun
Colonel Sun's picture

One word. Huawei.

Thu, 02/10/2011 - 07:47 | Link to Comment primefool
primefool's picture

All the "Value Investors" buying CSCO based on PEs or other souch nonsense. Please - this company took the "Tech Scamming Accounting Strategy" to the next level. If you fully understand how they account for the serial acquisitions, how they account for revenues, and how they account for the copious stock-options granted to employees - Then you will get a clue. 'Value Investors" are just the dumbest schucks around - i swear!!

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