Tuesday, May 8, 2007

Cisco profit rises on firm network equipment demand

(Reuters) - Excluding special items, net income rose to $2.1 billion, or 34 cents per share, from $1.8 billion, or 29 cents per share.

The shares of Cisco, the world's largest maker of the routers and switches that direct Internet traffic, have barely risen since the start of 2007 on concerns of a slower U.S. economy and views that much the company's potential growth had already been priced in after a 60 percent surge in 2006.


Read more at Reuters.com Market News

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