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Wednesday, February 9, 2011

Csco try to find some Income Recovery

The Cisco finds some  Income Recovery-Cisco Systems Inc finds some Income Recovery-Cisco did offer profits supervision for growth of 4% to 6% in its third quarter & 8% to 11% for its fourth quarter.  The conversion for the quarter ahead is $10.78 to $10.99 billion in revenue, & Thomson Reuters has estimates of $10.85 billion.  That isn’t today. The company CFO said that the company is still targeting 1% to 2% for dividend expenditure this year but was not specific about when it would occur.  One of the issues around the dividend revolves around the tax-efficient repatriation of money that is held in foreign entities.  Unfortunately, the explanations here & the feet dragging are reaching a mass here that many investors are going to walk away from.  Shares had been down about 1% in the after-hours, but now shares are down over 8% & demanding the $20.00 grip in the after-hours.

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