Orlando, FL -- (SBWIRE) -- 08/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO).
Microsoft Corporation(NASDAQ:MSFT) declared on Wednesday that it is not able to fulfill its promise of revealing the Xbox One entertainment console in 21 markets around the world at the end of 2013. As of now, it will be launched in 13 markets, including Australia, Austria, Brazil, Canada, France, Germany, Ireland, Italy, Mexico, Spain, United Kingdom, United States and New Zealand, in November.
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On the Xbox website, an explanation has been given, which states that the company’s objective is to provide the best games and entertainment experience possible and the team continues to make great progress on delivering Xbox One. To maintain the quality, the Microsoft is holding off the launch of Xbox One entertainment console in markets like Belgium, Denmark, Finland, Netherlands, Norway, Russia, Sweden, and Switzerland till 2014. The exact date or timing of the launch in those 8 markets is not available yet.
The note adds that the company made the announcement of launching Xbox One in 21 markets worldwide, which was an aggressive goal, but the team is working hard to ensure that the product reaches as many markets as possible. The delay is being attributed to factors including Xbox Dashboard localization work, supporting additional voice and languages, and getting partners up to speed with apps and content that is meaningful for each market.
However, customers in the affected countries who had preordered the Xbox One don’t need to feel bad. To compensate, Microsoft is offering a free "pack-in game" with the console for them.
Networking giant Cisco Systems, Inc.(NASDAQ:CSCO) has released quarterly results, and although they are good, the numbers have not satisfied analysts and investors. Cisco reported per-share earnings of 52 cents on sales of $12.4 billion. The EPS results were better than the 51 cents and $12.41 billion that analysts had forecast, but just surpassed them by the skin of the teeth. The sales fell slightly short.
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Cash flows from operations were $4.0 billion for the fourth quarter of fiscal 2013, compared with $3.1 billion for the third quarter of fiscal 2013, and compared with $3.1 billion for the fourth quarter of fiscal 2012. Cash flows from operations were $12.9 billion for fiscal 2013, compared with $11.5 billion for fiscal 2012. Cisco shares dropped in after-hours trading by nearly three percent, to $25.65 a share, thereby disappointing investors.
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