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Computer industry

Stocks of Interest for Wednesday, November 10, 2004

Strategic Insights

— 1 min read

Cisco Systems, Inc., a leading internet networking company, announced its first quarter financial results, reporting pro forma net income of $1.5 billion, or $0.21 per share, a 25% increase over the comparable quarter last year. The company also reported GAAP net income of $1.4 billion, or $0.21 per share, a 20% increase over the previous quarter.

Meanwhile, Dell Inc., a major computer systems and services provider, announced plans to launch a production facility in North Carolina, its third location in the U.S. this year. The facility is expected to manufacture desktop computers for the company's U.S. East Coast business and consumer customers.

XM Satellite Radio, a radio broadcasting company, received a boost after the National Association of Broadcasters withdrew its petition to prevent the company from providing local traffic and weather service. XM Satellite Radio's stock closed Tuesday's regular trading session at $33.75.

Key Takeaways:

  • Cisco Systems, Inc. reported a 25% increase in pro forma net income to $1.5 billion, or $0.21 per share, in its first quarter financial results.
  • Dell Inc. plans to launch a production facility in North Carolina, its third location in the U.S. this year, to manufacture desktop computers for its U.S. East Coast business and consumer customers.
  • XM Satellite Radio received approval to provide local traffic and weather service after the National Association of Broadcasters withdrew its petition.
  • The stocks of interest for Wednesday, November 10, 2004, include Cisco Systems, Inc. (CSCO), Dell Inc. (DELL), and XM Satellite Radio (XMSR).
  • Cisco Systems, Inc. closed Tuesday's regular trading session at $19.75, while Dell Inc. closed at $37.43, and XM Satellite Radio closed at $33.75.
  • The three companies mentioned in this article are all leaders in their respective industries, with Cisco Systems, Inc. being a major player in the internet networking market, Dell Inc. being a major computer systems and services provider, and XM Satellite Radio being a leading radio broadcasting company.

Statistics:

  • Cisco Systems, Inc.'s pro forma net income increased by 25% to $1.5 billion, or $0.21 per share.
  • Dell Inc.'s stock price closed at $37.43 Tuesday.
  • XM Satellite Radio's stock price closed at $33.75 Tuesday.
  • The production facility in North Carolina is expected to open in the fall of 2005.

Sources:

  • M2 PressWIRE-10 November 2004-RumorAlerts.com: Stocks of Interest for Wednesday, November 10, 2004: CSCO, DELL, XMSR

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