August 12, 2010 by staff
Csco, John Chambers, CEO of Cisco Systems, Inc. (NASDAQ: CSCO), said at the press conference today that operating margins were not as weak, and that he still thinks that the growth of 12% to 17% should not be the problem.
He also spoke about the uncertainty in the current economic environment, and said it was more difficult than ever for him to read the signals. Math trends and growth numbers look good, but customers and the Fed is talking about the uncertainty and mixed environment, and that makes him worried.
Cisco Systems, Inc. (CSCO) is fighting on the out of hours. It fell 7.71%, and is currently trading around and 21.90.
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