CSCO | Cisco Systems Fiscal Q4 | CISCO Company

Cisco Systems (CSCO) Fiscal Q4 Tops Estimates Excluding Charges

Cisco Systems (CSCO) announced Wednesday fiscal fourth quarter earnings that were down from a year ago, but topped estimates.

For the fourth quarter the networking equipment company said earnings were $1.2 billion or 22 cents a share, down from $1.9 billion or 33 cents a share a year ago.  The latest quarter’s results included a $772 million charge before taxes for one-time cost related to the 6,500 jobs eliminated during the period.  Excluding that charge, Cisco earned 40 cents a share, topping analyst estimates for 38 cents a share.  Estimates generally exclude one-time costs.

Revenue rose 3.3 percent in the period to $11.2 billion, which also exceeded analyst estimates for $11 billion.  However, sales of switches fell 4 percent to $3.44 billion.

Many of Cisco’s competitors in the networking space have posted sagging revenue and soft outlooks. Cisco has worked to reduce expenses in the past quarter, including the large layoff last month to become leaner as the economy has fluttered.

“As we start our next fiscal year, you will see a very focused, agile, lean and aggressive company,” said Cisco CEO John Chambers statement.

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Jennifer Love Hewitt | Client List TV Series | Jennifer Love Hewitt 'Client List'

Jennifer Love Hewitt 'Client List' Picked Up as New TV Series

Jennifer Love Hewitt 'Client List' - Jennifer Love Hewitt has officially found a new starring vehicle for her next major TV gig after "Ghost Whisperer" was canceled last year. Lifetime picks up "The Client List", a new hourlong series starring and executive produced by the 32-year-old beauty.

The show is based on the network's 2010 original movie of the same title which also has Hewitt as lead star and executive producer. It features the "I Know What You Did Last Summer" actress as a financially-strapped Texas housewife who runs a lively day spa after she is abandoned by her husband.

The series will follow her as she balances two different lives: one as a single mom in a conservative town struggling to provide for her family, and the other as an ambitious businesswoman working with a rowdy, sexy and unpredictable group of women.

Lifetime has ordered ten episodes for the series which will debut sometime in 2012. The network also has a deal with Jennifer Love Hewitt production company Fedora Films which includes a directing gig for Hewitt on a future Lifetime movie.

Following the end of "Ghost Whisperer", Jennifer Love Hewitt appeared on "Love Bites" and "Hot in Cleveland" for an episode each. She recently produced and starred in CBS' TV movie "The Lost Valentine" which also features Betty White.

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Rebecca Black Bullies | Rebecca Black Friday | School Bullies

Rebecca Black Leaves School For Being Bullied

Rebecca Black Friday - Teen music artist Rebecca Black has been forced to leave her high school in Anaheim, Calif. after being bullied relentlessly for her hit single "Friday," ABC News reports.

Black's mother, a teacher, pulled her daughter from school and is now homeschooling her to avoid bullies and focus on her career, she told Nightline.

Black's "Friday" music video went viral in March, and since then, the artist says she's been the target of school bullies who would tease her about the single.

"When I walk by they'll start singing 'Friday' in a really nasally voice," she told Nightline. "Or, you know, they'll be like, 'Oh hey, Rebecca, guess what day it is?'"

Rebecca Black also received death threats in April, which elicited local police investigations.

"It really sucks being bullied," Black says in a behind-the-scenes look of her new music video, "This is My Moment," last month. "But one thing that you can't do is let them stop you from doing what you want to do."

"Primetime Nightline: Celebrity Secrets" airs the full interview with Black tonight on its special, "Underage and Famous."

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