No Huddle Offense
In his "No Huddle Offense" segment, Cramer said that he found the Cisco conference call "refreshing," a return to the days of old when the company was taking share and taking names.
Cramer said after years of perpetually disappointing Wall Street, Cisco finally had some positive things to say. Europe, which accounts for 20% of Cisco sales, didn't hurt the company that much and its business in Asia, 40%, was also impressive. Here in the U.S., telco and cable spending was also on the rise. Good news all around.
Cisco also announced a huge dividend boost, breaking from its traditional of ill-timed stock buybacks. Dividend boosts signal confidence, said Cramer, something Cisco has not provided for quite some time.--Written by Scott Rutt in Washington, D.C. To contact the writer of this article, click here: Scott Rutt. To follow the writer on Twitter, go to http://twitter.com/scottrutt. To submit a news tip, send an email to: firstname.lastname@example.org. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.