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Mashup: Chambers Holds Steady, WiMax Comes Alive
Posted May 07, 2008 12:29pm EDT by Aaron Task in Electronics, Media, Networking and CommunicationTwo big news stories broke late Tuesday not involving Microsoft-Yahoo.
First, Cisco Systems reported fiscal third-quarter earnings and revenue that beat expectations but essentially met the company's cautious guidance from the second-quarter call.
Tuesday's conference call had a very similar tone to its second-quarter call in February: Cisco is forecasting 9%-10% growth from the current quarter, but maintains its long-term growth rate of 12%-17% remains doable.
A big difference between the two calls is that last night's cautious tone was far less surprising vs. back in February, which is why Cisco shares are basically flat today. It's also a sign Cisco CEO John Chambers has done a good job managing expectations during this downturn. (Apparently he learned a lesson after being very late in seeing the 2000 tech bust.)
Second, Sprint and Clearwire are spearheading a WiMax joint venture that is ambitious in its scope from both a technological and participatory perspective. In exchange for Sprint's spectrum and Clearwire's leadership, cable companies Comcast, Time Warner Cable, and Bright House Networks are contributing a combined $1.7 billion, while Intel is chipping in $1 billion and Google $500 million.
With that kind of broad technological expertise and financial firepower and so many participants, this WiMax venture can't fail, right?
8 Comments
Old Timer - Wednesday May 07, 2008 03:11PM EDT
Will there be a shareholder benefit from this adventure? Sprint's history and management will be the stumbling block for success.
johnbergman15 - Wednesday May 07, 2008 05:51PM EDT
Actually, it looks like CLWR will be managing the venture. McCaw would not sign a deal with Sprint AND let them manage - he's too clever.
denbee@sbcglobal.net - Wednesday May 07, 2008 06:33PM EDT
Get off the tracks cuse the train is a comin! WiMax at an affordable price? That is what may derail this venture.
johnbergman15 - Thursday May 08, 2008 05:49PM EDT
What is it that makes CLWR rise to 30$ last summer when there were only vague rumours of the deal (and rise again every time rumours hit the market), and fall to 14$ when the deal actually happens? Were the analysts wrong all along including now? Should the price be 13$ or 30$? Somebody help.
Vic - Friday May 09, 2008 07:21AM EDT
Getting back to the networking infrastructure and constructs, the continued and growing remodel of this as the deals come together should ultimately be a boon to the networking and connecting companies. Therefore , CSCO type companies should be all over their sales force to make sure they are there to supply those connections. I would not be surprised to see a little consolidation in the industry to achieve some economy of scale and cost containment on the distribution, manufacture, and administrative side of the business.
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erndog006 - Wednesday May 07, 2008 02:42PM EDT
whats going on today?