Cisco shares fell today after an announcement from the Chief Executive John Chambers.

At a press conference Dale Solutions reports that Chambers said that overall business conditions where getting better but he warned that times are still tough and that any recovery will be slow.

Cisco makes routers and networking equipment that connects the Internet together, they expect its revenue to be down on this time last year as companies cut back.

Sources from Cisco told Dale Solutions that current revenue for the company is inline with previous forecasts and that in general the company is happy with its performance in very demanding conditions.

Dale Solutions analysts explain that the fall in the share price can be attributed to the fact that Wall Street analysts were predicting much stronger results. Earnings did not show this causing the share price to fall.

Just like most of the Technology sector the economic downturn is proving to be testing times for many companies.

Chambers has said he believes that the company will post good earnings in the first quarter of next year. But Dale Solutions expects there to be an improvement in the last quarter of this year, which Cisco could post better earnings.

Chambers is known in the industry to be very cautious with his forecasts, Dale Solutions analysts believe that there will be positive results in the next 2 quarters not just for Cisco but also for the whole of the Tech industry.

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Virgin Media manage to keep their revenues in line with expectations although they lost more customers than expected.

Sources at Virgin told Dale Solutions that the company had increased the customer value of each customer, making up for the loss in customers.

Virgin Media is a UK based cable firm offering a range of TV services, Mobile and high-speed Internet. Dale Solutions analysts point out that the UK market is very competitive and customers are consistently switching providers to get the best monthly deals available.

Dale Solutions explains that the average spend of a customers rose by more that a pound exceeding company targets. Much of this is down to the variety of services that they have on offer.

Virgin Chief Executive Neil Berkett told Dale Solutions that the outlook for the next two quarters was strong and they expect to keep the high customer value and to increase its customer base.

Berkett explained to Dale Solutions that they are well positioned to deal with the challenges ahead. He believes that that the wide range of services that they offer will ensure that they will get the customers needed.

Virgin Media is in a competitive environment, it has to compete with BSkyB, BT and other local broadband providers. Yet it continues to grow as a company, many customers go to virgin and take up three quarters of all services they provide.

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