Cisco

Posted: February 6, 2008 at 6:12 pm by Chuck

Cisco CEO says they are looking at revenue growth from 12-17% y/y. I guess the Street was looking for 16%, at least. Trading at 21.31 after hours.

MBIA (MBI) Update:

MBIA will issue $750 Million in common stock (42% of market cap) MBIA Inc said that it will decrease its previously announced fourth quarter pre-tax net loss on financial instruments at fair value ("mark-to-market") by $110M and increase its previously announced special addition to the unallocated loss reserve for prime, second-lien mortgage exposure by $100M to $200M. These changes will result in a $6.5M decrease to the Company’s previously announced net loss for the year and three months ended December 31, 2007.

Shuffle those shells around real good, boys.