Tuesday, February 08, 2005

CSCO REPORTS and fells stock

Cisco (CSCO: news, chart, profile) fell 2.4 percent to $17.80 after it reported a fiscal second-quarter profit of 21 cents per share on sales of $6.06 billion. Excluding items it earned 22 cents per share. Cisco was expected to post a profit of 22 cents per share on revenue of $6.13 billion.

*Just can't please anyone these days! Trading range friends, that's all we got, any breakout IMHO will be to the downside, the long bond is telling us something is wrong.

D

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