Book to Bill under 1 for this quarter was part of guidance from last quarter but I too believe this is no where near great earnings from CSCO. They just made ($4.8 vs $4.81 consensus) top line and if they kept guidance flat this is a weak report. It's getting harder and harder for them to meet the top line and more and more tricks are necessary in this environment. They may be back down to $9 sooner than we think.
At some point I would love to buy them because they are one of the best run companies in the world but even the best can do so much when the sales are drying up.
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