Going into the quarter there was a ton of concern because a number of (technology companies) have really struggled. Everyone assumed that Cisco would see that weakness. But Cisco really didn't see it and appears to have taken market share.
There's not much in the way of revenue growth and their margins are not going up. That's not a particularly good story.
It's obviously disappointing. This guidance isn't going to get anyone excited.
Everyone's been talking to everyone for a long time.