The Miracle at Cisco

8/6 - "There are two reasons Cisco's numbers are surprising. The first is that its large router business primarily sells products to telecom and cable companies. Capital spending in those sectors has not been sharply increasing, so Cisco must be improving its market share or its margins.

Another significant piece of Cisco's business is home set-top boxes and small-business video conferencing. It touches a vast pool of consumers and enterprise with modest numbers of employees.

In other words, Cicso has risk across many pieces of the economy, and its still did well."