Bad omen: Cisco sales drop off cliff
Bob Morris @ Nov 5th 2008 21:04 - Category: Unfiled Tags: recession
Cisco’s new outlook calls for a revenue decline of 5%-10% next quarter. The Street was looking for +6%. October was apparently awful. Worldwide.
It is increasingly clear that the global economy fell off a cliff at the end of September, around the time that the global credit markets ceased functioning.
Cisco sells to huge corporations across the globe. If they aren’t buying routers, etc. from Cisco, then their business is slowing too. Not a good sign.
No Comments »
Leave a Reply
Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.
(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)
