CISCO SYSTEMS Q1 ACTUAL NET $0.11 PER SHARE VS $0.06 - 500 Beiträge pro Seite

[NeuerMarktExperte]

näheres in kürze..

[NeuerMarktExperte]

Cisco posts first quarter profit just above consensus

SAN JOSE, Calif. Nov 6 (Reuters) - Cisco Systems Inc. (NasdaqNM:CSCO - news), the world`s biggest maker of computer
networking equipment, on Monday posted first quarter earnings that came in just above Wall Street expectations and cited sales
to Internet service providers, cable and telephone companies.

The San Jose-based company reported pro forma net income of $1.36 billion, or 18 cents a share, for its fiscal first quarter ending Oct. 28. vs. $814 million, or 11
cents per share, in the year ago quarter. The pro forma results excluded the effects of acquisition charges and other items.

Analysts had expected Cisco to report earnings of 17 cents a share, according to First Call/Thomson. Cisco has repeatedly posted earnings 1 cent above
expectations in recent quarters.

Sales rose 66 percent to $6.52 billion from $3.92 billio

[NeuerMarktExperte]

Cisco Systems Reports First Quarter Earnings -- 4:27 PM EST

SAN JOSE, Calif., Nov 6, 2000 (BUSINESS WIRE) -- Cisco Systems, Inc., the
worldwide leader in networking for the Internet, today reported its first
quarter results for the period ending October 28, 2000.

Net sales for the first quarter of fiscal 2001 were $6.52 billion, compared with
$3.92 billion for the same period last year, an increase of 66%. Pro forma net
income, which excludes the effects of acquisition charges, payroll tax on stock
option exercises, and net gains realized on minority investments, was $1.36
billion or $0.18 per share for the first quarter of fiscal 2001, compared with
pro forma net income of $814 million or $0.11 per share for the first quarter of
fiscal 2000, increases of 67% and 64%, respectively.

During the first quarter of fiscal 2001, Cisco completed the acquisitions of
HyNEX Ltd., IPmobile, Inc., Komodo Technology, Inc., Netiverse, Inc., and
NuSpeed, Inc. for a combined purchase price, including assumed liabilities, of
approximately $1.37 billion and took a one-time charge of $509 million, or
approximately $0.07 per share on an after-tax basis, as a write-off of
in-process R&D.

Actual net income for the first quarter of fiscal 2001 was $798 million or $0.11
per share, compared with $415 million or $0.06 per share for the same period
last year.

"Five years ago the Internet was a phenomenon that was primarily understood by
"techies." Today, the combination of Internet infrastructure and applications
has created a new phenomenon -- the `Network Effect`-- and it is fueling new
productivity, competition, and growth," said John Chambers, president and CEO of
Cisco Systems. "Business and government leaders alike increasingly understand
the one-to-one correlation between the effective use of the Internet and future
prosperity. The Internet has taken center stage as a key tool in opening up new
economic opportunity and transforming businesses and societies on a global
basis."

Cisco continues to advance its end-to-end Internet solutions for each of its key
markets.

In the service provider marketplace, Cisco advanced its leadership and expertise
in IP services and end-to-end solutions, accelerating service provider adoption
of IP-based solutions that will drive new revenue opportunities. The company
gained momentum for its next-generation optical solutions. Demonstrating growing
acceptance of the Cisco IP+optical networking strategy with carriers worldwide,
BellSouth selected Cisco as a primary vendor to build out the first IP+optical
exchange, and Cambrian announced the first Cisco end-to-end IP+optical network.
Underscoring its commitment to Internet-scale, carrier-class optical networks,
Cisco opened the New England Manufacturing Center in Salem, New Hampshire, to
serve as a hub for all optical manufacturing. Cisco continued to expand its
portfolio of broadband solutions, announcing the acquisitions of Vovida, IPCell,
and PixStream to enable service providers to accelerate deployment of new data,
voice, and video services. The company secured a contract with Telstra
Corporation to migrate the carrier`s high-speed cable modem services to the Data
over Cable Service Interface Specification (DOCSIS) industry standard.

In the enterprise market, Cisco continued to expand the reach of its end-to-end
IP telephony solutions and advanced its New World services. The company
announced the Cisco e-services application engine that advances on the Cisco
AVVID (Architecture for Voice, Video, and Integrated Data) by enhancing the
scalability and flexibility for enterprise voice solutions. The IP-based
communications solutions enhance employee productivity, lower cost of ownership,
and provide better customer care. Benefiting service providers and enterprises
alike, the company announced the Cisco Content Delivery Network (CDN) system
enabling service providers to deploy innovative content- delivery services for
new profit opportunities and enterprises to accelerate deployment of advanced
e-business applications. In addition, a new security strategy, Cisco SAFE for
the Cisco AVVID architecture will enable organizations reliably and
cost-effectively engage in e-business.

In the small and medium-sized market, Cisco continued its commitment to helping
small and medium-sized businesses achieve their full potential through use of
the Internet. Completing its business digital subscriber line (DSL) customer
premises equipment (CPE) portfolio, the company introduced the Cisco SOHO 77
ADSL Router, providing small office/home office users with affordable,
multiuser, secure Internet access over a single DSL line and ADSL WAN interface
card extending business DSL from the small and medium-sized business to the
enterprise branch office. Cisco also announced the acquisition of CAIS Software
Solutions furthering Cisco`s strategy of offering complete broadband
connectivity solutions for service providers addressing the multiunit building
market. Cisco partnered with the city of San Jose, The Small Business
Administration, and other sponsors to create a one-stop resource center in
Silicon Valley for small business owners.

"We are very pleased with the solid balance across our major geographies, lines
of business, and product families. And, while we`re proud of our accomplishments
over the last decade, we are even more optimistic about the opportunities for
Cisco in the next decade. I want to thank our shareholders, employees, partners,
and suppliers for their continued commitment and confidence in our ability to
execute. Together, we are only beginning to explore all that`s possible on the
Internet," concluded Chambers.

Cisco will be discussing its first quarter results, along with its outlook for
the second quarter and the remainder of fiscal year 2001, on a conference call
today, beginning at 1:45 PM PST. A Webcast of the conference call will be
available to all interested parties on Cisco`s Website at www.cisco.com under
the "Investor Relations" section.


About Cisco Systems

Cisco Systems, Inc., (NASDAQ: CSCO) is the worldwide leader in networking for
the Internet. News and information are available at www.cisco.com.

This release may contain projections or other forward-looking statements
regarding future events or the future financial performance of the Company that
involve risks and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ materially from
actual future events or results. Readers are referred to the documents filed by
Cisco with the SEC, specifically the most recent reports on Form 10-K, 8-K, and
10-Q, each as it may be amended from time to time, which identify important risk
factors that could cause actual results to differ from those contained in the
forward-looking statements, including risks associated with acquisition
strategy, dependence on new product offerings, competition, patents,
intellectual property and licensing, future growth, rapid technological and
market change, manufacturing and sourcing risks, Internet infrastructure and
regulation, international operations, volatility of stock price, financial risk
management, and potential volatility in operating results, among others.

Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of
Cisco Systems, Inc. or its affiliates in the U.S. and certain other countries.
All other trademarks mentioned in this document are the property of their
respective owners. Copyright (C) 2000 Cisco Systems, Inc. All rights reserved.


Cisco Systems, Inc.
PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS
Excluding IPR&D, Amortization of Goodwill and Other
Acquisition-Related Charges, Payroll Tax on Stock Option Exercises,
and Net Gains Realized on Minority Investments
(In millions, except per-share amounts)


Quarters Ended
--------------
October 28, October 30,
2000 1999
----------- -----------
(Unaudited) (Unaudited)

NET SALES $ 6,519 $ 3,918
Cost of sales 2,378 1,388
------- -------

GROSS MARGIN 4,141 2,530

Operating expenses:
Research and development 934 541
Sales and marketing 1,350 818
General and administrative 193 112
------- -------
Total operating expenses 2,477 1,471
------- -------

OPERATING INCOME 1,664 1,059

Interest and other income, net 230 102
------- -------

INCOME BEFORE PROVISION
FOR INCOME TAXES 1,894 1,161
Provision for income taxes 531 347
------- -------

NET INCOME $ 1,363 $ 814
======= =======

Net income per share--basic $ 0.19 $ 0.12
======= =======
Net income per share--diluted $ 0.18 $ 0.11
======= =======

Shares used in per-share
calculation--basic 7,093 6,833
======= =======

Shares used in per-share
calculation--diluted 7,580 7,288
======= =======


The above pro forma amounts have
been adjusted to exclude
the following items:
In-process research and development $ 509 $ 381
Amortization of goodwill and other
acquisition-related charges 231 24
Payroll tax on stock option
exercises 22 --
Net gains realized on
minority investments (190) --
Income tax effect (7) (6)
-------- --------
Net effect of pro forma
adjustments $ 565 $ 399
======= =======


Cisco Systems, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per-share amounts)

Quarters Ended
--------------
October 28, October 30,
2000 1999
----------- -----------
(Unaudited)(Unaudited)

NET SALES $ 6,519 $ 3,918
Cost of sales 2,378 1,388
------- -------

GROSS MARGIN 4,141 2,530

Operating expenses:
Research and development 934 541
Sales and marketing 1,350 818
General and administrative 193 112
Payroll tax on stock
option exercises 22 --
Amortization of goodwill
and other acquisition-related
charges 231 24
In-process research and
development 509 381
------- -------
Total operating expenses 3,239 1,876
------- -------

OPERATING INCOME 902 654

Net gains realized on minority
investments 190 --
Interest and other income, net 230 102
------- -------

INCOME BEFORE PROVISION FOR
INCOME TAXES 1,322 756
Provision for income taxes 524 341
------- -------

NET INCOME $ 798 $ 415
======= =======

Net income per share--basic $ 0.11 $ 0.06
======= =======

Net income per share--diluted $ 0.11 $ 0.06
======= =======

Shares used in per-share
calculation--basic 7,093 6,833
======= =======

Shares used in per-share
calculation--diluted 7,580 7,288
======= =======


Cisco Systems, Inc.
CONSOLIDATED BALANCE SHEETS
(In millions)

October 28, July 29,
2000 2000
------------ ---------
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 5,538 $ 4,234
Short-term investments 853 1,291
Accounts receivable, net
of allowance for doubtful
accounts of $57 at
October 28, 2000 and $43
at July 29, 2000 2,887 2,299
Inventories, net 1,956 1,232
Deferred tax assets 642 1,091
Lease receivables 459 588
Prepaid expenses and other
current assets 724 375
------- -------

Total current assets 13,059 11,110

Investments 11,808 13,688
Restricted investments 1,386 1,286
Property and equipment, net 1,769 1,426
Goodwill and purchased
intangible assets, net 4,427 4,087
Lease receivables 550 527
Other assets 1,153 746
------- -------

TOTAL ASSETS $34,152 $32,870
======= =======

LIABILITIES AND SHAREHOLDERS` EQUITY
Current liabilities:
Accounts payable $ 999 $ 739
Income taxes payable 256 233
Accrued compensation 1,083 1,317
Deferred revenue 1,697 1,386
Other accrued liabilities 1,767 1,521
------- -------

Total current liabilities 5,802 5,196

Deferred tax liabilities 664 1,132
Minority interest 45 45

Shareholders` equity 27,641 26,497
------- -------

TOTAL LIABILITIES AND
SHAREHOLDERS` EQUITY $34,152 $32,870
======= =======

CONTACT: Cisco Systems, Inc.
Blair Christie, 408/525-4856 (Investor Contact)
[e-mail]
Claudia Ceniceros, 408/525-4700 (Press Contact)
[e-mail]

URL: http://www.businesswire.com
Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2000 Business Wire. All rights reserved.



KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: INTERNET
NETWORKING
COMPUTERS/ELECTRONICS
EARNINGS

mfg,

experte

[38er-Fibonacci]

Ist das jetz 1 cent mehr als erwartet?(0.18)

[Naschi]

Also nichts weltbewegendes - gleich den Flüsterschätzungen ! Wie reagiert Cisco denn nachbörslich, wie kann man das sehen ?

Als Belohnung eine weitere Ertragsmeldung ( ungleich besser ) :

Quartalszahlen bei Comcast

Die amerikanische Comcast Corp. meldete ihre Ergebnisse für das dritte Quartal, wonach der Umsatz im Jahresvergleich um 23% angestiegen ist.

Die Umsätze lagen bei 1,96 Milliarden Dollar nach 1,59 Milliarden Dollar im Vergleichsquartal 1999. Der operative Cash Flow kletterte um 21% auf 605,7 Millionen Dollar nach 463,9 Millionen Dollar im dritten Quartal 1999.

Der Nettogewinn lag bei 1,24 Milliarden Dollar oder 1,29 Dollar je Aktie nach 327,8 Millionen Dollar oder 41 Cents je Aktie im Vorjahresquartal.

Gruß Naschi

[PLZ]

bei island nachbörslich bis jetzt keine Reaktion

[NeuerMarktExperte]

@fibonacci:

consensus-schätzungen waren bei 17 cent!

@naschi:

nachbörsliches unter http://www.island.com

mfg,

experte

[JosstheBoss]

Ist doch super, zum 12.Mal glaub ich in Folge, dass Cisco die Schätzungen um 1 Cent überboten hat!!!

Jetzt kanns nur noch besser werden!!

[Kiro]

http://www.bigcharts.com/quickchart/quickchart.asp?symb=csco…

[NeuerMarktExperte]

schon aufgefallen, dass 3mal mehr sell-orders als buy-orders im markt liegen??

[Tatonka]

kurs 53.80 $
hmm schaut net gut aus

[Naschi]

War an sich zu erwatren ! Hätten die Flüsterschätzungen überbieten müssen ! Geht´s morgen halt bergab, glaube aber trotzdem an ein INTRADAY - Reversal !

Gruß Naschi

[PLZ]

Zahlen scheinen nicht überzeugt zu haben, weiterhin fallende Tendenz.
momentan 52,75 $

[NeuerMarktExperte]

wie siehts eigentlich mit dem nas-future aus??

mfg,

experte

[NeuerMarktExperte]

CISCO SAYS BOOKINGS IN Q1 GREW IN `DOUBLE DIGITS` FROM -- THOSE IN Q4

[Nepokong]

Richtig spannend !

Das erste Mal, das ich sowas verfolge, in www.island.com ging´s platt runter auf 52,7, zwei Minuten später hoch auf 54,6 Tendenz steigend. Conference Call läuft gerade, krieg ich aber leider nicht mit, da meine Verbindung zu lahm ist.

Nepokong

[NeuerMarktExperte]

Audio: Cisco Beats the Street -- 4:55 PM EST

(ON24 via COMTEX)-- Cisco Systems reported 1st quarter fiscal 2001 earnings of
18 cents per share after market close Monday.


Length: 1 minutes, 47 seconds.

For audio/video:
http://vuwin.on24.com/vuwindow/scripts/vuwin.asp?ref=comt&id…

Company: Cisco Systems Inc
(NASDAQ: CSCO)

ON24 brings online investors audio and video reports about breaking
business news. To see all of today`s news, and to create your free,
personalized email investor updates, visit http://www.on24.com.

[Körschgen]

Aha, der Klon von fsch ist auch zugegen und ist stolz darauf, die CSCO-Zahlen als erstes gefunden zu haben.

Damit er nicht weiter rätseln muss:
Cisco-Zahlen sind in Ordnung aber nicht hervorragend, da man von Cisco immer mehr als die Flüsterschätzungen erwartet. In einer Woche wird das aber niemanden mehr interessieren und Cisco wird steigen wie alles andere auch.

[38er-Fibonacci]

@Naschi
Wer lesen kann, ist klar im Vorteil!!!
1 cent über den Schätzungen

[NeuerMarktExperte]

@körschgen:

oooooh! unser board-frick hat sich in meinen thread geschlichten....

[J.Brandmaier]

Das wird morgen eine Zitterpartie an der Nasdaq . Cisco geht nach börslich in die Knie und nimmt die Future mit. Das ist nicht schön
wahrscheinlich wird noch so lange heumgestochert,bis das Ergebnis auf einmal schlecht ist.

Bestes Beispiel war Nortel.

[amorphis]

@38er-Fibonacci...ja wer lesen kann ist klar im vorteil...die zahlen waren 1cent über den konsens schätzungen...aber eben nicht über den flüsterschätzungen, so wie in den jahren zuvor!

[Körschgen]

Hat zwar nicht mit den Zahlen zu tun, aber:
Wer bei den derzeitigen Kursen von Cisco und Nortel nicht in Nortel umschichtet, ist nicht mehr ganz frisch. Prinzipiell sind zwar bei gut, aber Nortel hat prozentual viel mehr drin und ist billiger.

[Moonlighter]

Nortel ist wirklich viel besser. Nortel wird in drei Jahren wahrscheinlich 80% der Umsätze im Bereich optische Netzwerke machen und damit in etwa mit JDSU in der Wachstumsrate gleichziehen.