Cisco, the biggest maker of computer-networking equipment, reported quarterly profit and sales that topped analysts' estimates as job cuts kept costs in check and price reductions attracted customers.And they were soon talking about those cost cuts that can't last and might have a downside:
The job cuts kept costs in check, contributing to a 3.8 percent drop in operating expenses in the just-ended fiscal year.Remember: not all quarters are created equal. One built on the backs of price and jobs cuts is not quite as good. At the time of publication, the author had no positions in any of the stocks mentioned in this column. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.