I’m sure we won’t be accused of pump and dump by tipping our hat with some admiration at Cisco’s earnings report yesterday in which they reported a 41% increase in earnings. Accoridng to CEO John Chambers the results came in better than expected. I say, good for Cisco. They are providing the infrastructure that runs networks and somehow avoiding commoditization. Last week I was at their Networkers event in France, and it was packed with people who had paid hundreds maybe thousands of Euro to attend sessions all about Cisco gear and protocols.
In addition, CNN reports that Cisco’s good news brought increases in the value the stock of such firms as Intel, Juniper, and HP.