Thursday, March 11, 2010 
I Have Never Been More Comfortable Knowing That Cisco Cannot Hit It’s Growth Forecast
In this post, I’d like to show you what came over the headlines today. Remember, when the iterators (In this case Johnny Chambers) start re-iterating, they cannot be trusted. Think about companies that are soon moving over to the pinkies. Lehman (LEH) and (AIG) to be specific. You think Cisco sells into those companies? They do. I should say they did. You know what else? They don’t anymore. As a matter of fact they better start holding aside reserves for write downs. Remember the BILLIONS in write downs Cisco (CSCO) took in the early part of this decade? This time it will be worse.
“But, how could we have seen this coming?”
Well, you have to look.
I quote -
“CISCO (CSCO) SYSTEMS INC CEO CHAMBERS SAYS HAS NEVER BEEN MORE COMFORTABLE WITH 12-17 PCT GROWTH PROJECTION.”
John, thanks for introducing volatility in your underlying security before it even presents itself. Now, we all have an edge.
Peace
