Market Deserves More Credit for Cisco's Rally

It's too bad that in the coverage of an adequately decent quarterly report by Cisco(CSCO Quote), we see a few basic examples of the business media's not telling the whole story. In some cases, they were too positive. In others, they weren't positive enough.

Let's go to the videotape. Uh, I mean to the pixels.

Excluding special items, Cisco's earnings were a penny ahead of the 39 cents expected, and revenues, at $10.4 billion, were a hair better than the $10.3 billion expected. The company was a bit cautious going forward, though not as cautious as some had feared. The point, though, is that this is not your grandfather's Cisco anymore -- and that's a good thing, because it helped save the company.

They Just Don't Get Cisco!

...