Cisco Earnings 2011
It had been just yesterday that we named Cisco Systems, Inc. (NASDAQ: CSCO) being a business that may regain its mega-cap position by getting a market cap back again over $100 billion. In the event the reaction right soon after its earnings report retains up on Thursday, Cisco will have that mega-cap position throughout once more.
Right after the shut cam Cisco’s report that revenues rose about 5% to $10.9 billion and that non-GAAP earnings arrived in at $0.42 EPS.
Gross margin seems to be to get about 61%. Its inventory turns also crept back as much as 11.1 from 10.6 formerly demonstrated. Its ‘Days income outstanding’ have been 37 days, down from 40 days inside the prior quarter and down from 39 days a yr before.
Cisco shares closed down $0.01 at $17.78 these days as well as the 52-week array is $16.52 to $26.80. The after-hours market response prior to the conference phone has Cisco shares back again up close to $18.45.
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Lindsay Lohan takes swipe at E-Trade babies
Lindsay Lohan is feuding with E-Trade babies. The actress has filled out a $100 million legal action claiming a television ad for that Wall Street firm that aired during the Super Bowl and Olympics was modeled after her.
Talking babies from the ad engage in chatter that is the word for “milkaholic Lindsay.” The 23-year-old actress has famously sought drug abuse treatment.
Lohan’s name never was mentioned. But her New York lawyer contends that “Lindsay” is an equally recognizable moniker for her client — prefer that of Oprah or Madonna.
Lohan’s legal team is seeking an injunction stop future airings.
An E-Trade spokeswoman is declining to comment.
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