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Bailout

: Calculated Risk

CSCO and KLIC: Weaker Outlooks

By Anonymous

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From Reuters: Cisco's dismal outlook stuns Street

On the conference call, CSCO guided lower and said public sector spending is slow. Management also said that Europe is seeing some declines - although it was too early to call it a trend. (ht Brian, JB)

And from the WSJ: Kulicke & Soffa 4Q Profit Soars; Shares Down On Weak 1Q View
Kulicke & Soffa Industries ... predicted revenue for the current quarter of $125 million to $135 million, far below analysts' average estimate of $214.6 million ...
This might suggest a slowdown in equipment and software investment.

Full post as published by Calculated Risk on November 10, 2010 (boomark / email).

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