Wednesday, November 13, 2019

Cisco reports Q1 revenues of $13.16B, up 1% YoY, and Infrastructure Platforms revenue of $7.54B, down 1% YoY; stock down ~5% after hours on weak Q2 guidance (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Cisco reports Q1 revenues of $13.16B, up 1% YoY, and Infrastructure Platforms revenue of $7.54B, down 1% YoY; stock down ~5% after hours on weak Q2 guidance  —  Cisco shares fell as much as 6% after the close of trading on Wednesday after the company gave fiscal second-quarter earnings that came in below analysts' estimates.



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Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed another $1.1B to expand satellite service capacity (Benjamin Mayo/9to5Mac)

Benjamin Mayo / 9to5Mac : Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed an...