Cisco Posts Weak Sales Forecast, Alibaba Stops Cloud Unit Spinoff
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 16 November 2023
⏱️ 44 minutes
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Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down results from Cisco as the largest maker of computer networking equipment tumbles after earnings. Plus, Alibaba abruptly ends the planned spinoff of its cloud unit, and APEC continues in San Francisco.
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money and power collide in Silicon Valley and beyond, |
| 0:37.0 | this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. I'm Caroline, |
| 0:44.0 | I'm Caroline Heine Heine-Hiner Blumberg's World Headquarters in New York. |
| 0:57.0 | And I'm Ed Lodlow in San Francisco. |
| 0:59.0 | This is Bloomberg Technology. |
| 1:00.0 | Coming up, yet more earnings coverage for you ahead. We'll break down all you need to know about Cisco. |
| 1:06.0 | It's the largest maker of computer networking equipment and it is tumbling after its numbers. |
| 1:10.0 | And we'll have more on Ali Baba's results, as the e-commerce giant falls after abruptly ending a planned spin-off of its cloud unit details ahead |
| 1:18.8 | Plus Apeck it continues in San Francisco tech CEOs they, they dined with China's president. |
| 1:24.2 | We'll bring you the takeaways from the executive's dinner. |
| 1:27.0 | But first, let's check in on these markets. |
| 1:28.6 | The takeaways are, while a little bit of moon music shifting |
| 1:31.8 | in terms of the rampant rally we've seen |
| 1:33.2 | that's like off by some three-tenths of a cent on the day. We actually had some pretty |
| 1:36.7 | well depressing shall we say macro-economic data but is that good news in terms of |
| 1:42.0 | whether the Federal Reserve will go in terms |
| 1:43.6 | of interest rates? Many feeling that the jobless claims on the rise, many feeling that the |
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