Cisco shares soar on higher sales forecast |
| International Herald Tribune - Aug 8, 2007 |
Shares of Cisco Systems, the world's biggest maker of computer networking equipment, soared after the company increased its sales forecast on demand for high-speed Internet gear and Web-based phone systems.
The stock rose as much as 6 percent in Europe from the close in the United States on Tuesday after the California-based company said revenue would gain 12 percent to 17 percent a year, compared with a previous prediction of as much as 15 percent.
Growth is accelerating as customers buy faster network equipment to handle applications such as online video. Orders for Internet phones and the TelePresence video-conferencing system helped Cisco record its sixth straight quarter of revenue expansion higher than 15 percent.
Read Full Article from International Herald Tribune
- Posted: 2007-08-08 10:01:09
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
