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Cisco Profits Up, But Murky Outlook Drags Stock Down

Networking giant posts solid first quarter; prospects dimmer for next one

By Wesley Oliver,  Newser Staff

Posted Nov 7, 2007 8:51 PM CST

(Newser) – Cisco touted a 37% increase in its first-quarter profits, but it wasn’t enough on Wall Street to overcome a pessimistic outlook for the company's current quarter. The network equipment maker said its revenue-growth forecast of $9.79 billion will fall just short of the...   Read full story »

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