Cisco shines
Shares of Cisco Systems (Nasdaq: CSCO) rose 4% after the company reported quarterly sales and earnings that rose from a year earlier and topped forecasts. The company also issued bullish guidance for its current quarter, giving hope to investors that corporate tech spending will show strength in 2007. Sales came in at $8.4 billion, compared to projections of $8.28 billion, and up 27% over the last year. The second-quarter net income was up 40% to $1.9 billion.
