RealTime IT News

Cisco, Dell Earnings Make for Busy Week

Cisco and Dell will give investors some good insight into the state of IT spending when they report their quarterly results this week.

Cisco will release its results Tuesday after the close, and analysts are looking for 22% year-over-year jump in earnings to 22 cents a share. Revenues are expected to grow 13.5% to $6.13 billion. Looking ahead, analysts are expecting 22-cent earnings for Cisco's April quarter on $6.23 billion in revenues.

Shares of Cisco tumbled 6.6% on its last earnings report after the company's sales came in below Wall Street estimates.

Dell will report its results on Thursday, and Wall Street is expecting 24% year-over-year growth to 34 cents a share on revenues of $13.53 billion. Dell soared to four-year highs on its last report.

Stocks treaded water Monday as the indexes digested Friday's big gains.

The Nasdaq lost 4 to 2082, the S&P 500 slipped 1 to 1201, and the Dow was down a fraction to 10,715. Volume fell to 1.35 billion shares on the NYSE, and 1.71 billion on the Nasdaq. Advancers led 17-16 on the NYSE, but decliners held a 16-15 edge on the Nasdaq. Downside volume was 54% on the NYSE, and 61% on the Nasdaq. New highs-new lows were 369-7 on the NYSE, and 169-24 on the Nasdaq.

After the close, Sina missed estimates, and EDS and Business Objects topped forecasts.

During the day, Qwest fell 9% on uncertainty over the company's reported takeover offer for MCI .

Sohu tumbled 11% on its results.

RealNetworks soared 20% on a positive write-up in Barron's.

Transmeta gained 10% on speculation that it could become an AMD takeover target.

Gurunet soared 15% on a glowing Forbes report.

Synaptics plunged 16% on a downgrade.