Cisco Dribbles Out Some More Good Comments

By Douglas A. McIntyre Published Apr 13, 2:35PM EDT

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Cisco Systems (CSCO-NASDAQ) is trading up on comments made by Charlie Giancarlo, Cisco’s Chief Development Officer, in a Bloomberg interview today (link here to the website) based on comments that the company is at the high-end of its longer-term growth rates (of 10% to 15%) and on notes that customers are still in the early stages of their upgrade cycles. BUT……. Investors should keep in mind that he is not one of the usual suspects that drives market news. This shouldn’t be interpreted as any message to derail the move at all. But it would be good to know "how different" this really is from previous company comments. Shares are now up 3.5% at $26.85 on the day and have now traded more than 60 million shares.

Jon C. Ogg
April 13, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.