Observations on CSCO including those from Jim Cramer CNBC:
1. Chambers should have pre-announced.... did not for some reason
2. CSCO blames US Govt shutdown....most other companies dont use this lame excuse
3. CSCO blames China low revenue on "spying"..... Cramer calls that nuts
4. Conference call began to sound mutinous by attendees who see Chambers is losing control of the company
5. CSCO results of falling results in all countries and regions was the worst report by DOW major companies in all of 2013.
6. News editorial articles indicated CSCO lost market share to lower end Juniper and other smaller companies.
Other reasons pro/con on this issue ?
Sentiment: Strong Sell
Cisco says government spying hurt their sales in China.
NEW YORK (Reuters) - Cisco Systems Inc warned its revenue would dive as much as 10 percent this quarter, and keep contracting until after the middle of 2014, as a backlash against U.S. government spying contributed to plummeting demand in emerging markets like China.
The hit comes after former U.S. spy agency contractor Edward Snowden exposed widespread surveillance by the National Security Agency - in particular through Internet data, much of which is transmitted via Cisco's network equipment.
To Juniper and others on the low end, and the companies who see a growth or flat or better-than-CSCO outlook. US Govt shutdown was part of their explanation. Chambers seems to hot-cold a lot since the 2003 period.
They weren't going to sit idly by and let QCOM get all the growth business and news press coverage, we're they? Analysts beat up Intel saying they needed to go mobile big time.
When the 50 through 200 minute moving averages converged the price briefly rose above it, then retraced at 1pm. It charged again at it 2:15 and was slapped down. Someone has programmed to get their $ out.
See the bid ask extremely tight range. Way too weird. Someone is battling it out. Let the weak hand leave so this company can be fairly appraised by on it having RAISED GUIDANCE.
Dolts like Cramer should get an earful.
Sentiment: Strong Buy
Old fat cat "Ugly Americans" at their worst. Pride first then the fall.
Too many young smart friendly tech companies. Old monopolistic IBM is a backoffice keep-them-from-customers comoany.
already baked in price up 30% past three months.
some analyst said they downgraded it a notch. most are bullish. look for "analyst accuracy of prediction" before even considering them.
IDC Gartner see PC demand uptick in US (trend setter region) and Japan. This has not entered most people's radar screens or spreadsheets. Watch this for sensitivity to the upside.
HPQ up 6% on 300% avg volume on institutional accumulation. Something must have been said in their analyst meeting.
Sentiment: Strong Buy
Volume Weighted at Price indicator shows money managers at war around $20/share. Poses resistance from here. Was violated to the upside recently, but didnt hold above long enough to have established that new ground. Let the funds slug it out.
As long as company results keep rising, with the economy and early tech recovery, the bears will be run over.