Lightwave Logic Inc (LWLG)

[WisePolicalEconomist]

CSCO getting creamed in after - hours. Some of the problem may be from disruptive competitors. Is it possible that the LSS (perhaps the alliance of INTC/GLW/FB/LWLG) has done enough silicon photonic showmanship to convince customers to cancel orders and rethink strategy)?

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http://www.marketwatch.com/story/cisco-profit-slips-as-revenue-falls-short-2013-11-13?siteid=bigcharts&dist=bigcharts

Cisco shares fell nearly 11% after the company reported weaker-than-expected sales that Chief Executive John Chambers attributed to soft demand in emerging markets and the service-provider market.

Cisco shares CSCO -10.23% said it may earn between $1.95 and $2.05 this fiscal year — worse than the $2.10 seen in a FactSet-compiled analyst poll and possibly below the $2.02 earned in the prior year.

Second-quarter revenue may drop 8% to 10% compared to the same period of fiscal 2013, and adjusted earnings are seen between 45 and 47 cents a share. Analysts had forecast 4% revenue growth in the second quarter.

“I’ve never seen such a low number outside of 2008 or 2009,” Tal Liani of Bank of America Merrill Lynch told Cisco executives. “And at that time, the world was about to collapse.”

The San Jose, Calif.-based technology giant reported a fiscal first-quarter profit of $2 billion, or 37 cents a share, compared with a profit of $2.1 billion, or 39 cents a share, for the year-earlier period.

Revenue rose to $12.1 billion from $11.9 billion. Adjusted profit was 53 cents a share. Analysts polled by FactSet on average were expecting a profit of 51 cents a share, on revenue of $12.35 billion.

The company also said its board has approved a plan to buy back an additional $15 billion in shares.

Chambers spoke of a “very slow spending environment” that is expected to continue.

“We will continue to see challenges in this quarter,” Chambers said. Read a recap of the conference call.

Benjamin Pimentel is a MarketWatch reporter based in San Francisco. Follow him on Twitter @BenPimentel.
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