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Showing posts with label Csco try to find some Income Recovery. Show all posts
Showing posts with label Csco try to find some Income Recovery. Show all posts

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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