We solidly outperformed on revenues, expenses, and earnings per share, and we feel good about where we ended the quarter on unearned (revenue),

We remain comfortable with our estimated fourth-quarter earnings per share range of 28 cents to 30 cents a share versus 26 cents last year, an increase of 8 percent to 15 percent.

We're pleased with the solid revenue and earnings per share results Cisco delivered during its second quarter, but also especially pleased with our strong order momentum. This proves our strategy is working in terms of the convergence of voice, video and data along with our balanced approach to our customer segments, core and advanced technologies, business and technology architecture and key geographic theaters.

We grew earnings per diluted share by 85 percent in the first quarter of fiscal 2006, so it represents the most difficult earnings comparison for the coming year.

I'm "very disappointed that we missed our (earnings per share) growth target this quarter due to the confluence of a number of issues that we now understand and are urgently addressing. I accept full responsibility for the shortfall.

The bottom line EPS (earnings per share) beat estimates by a significant margin, although revenues were a tad light,