According to the IMF, they have strengthened fiscal discipline and banking systems, kept inflation down, motivated reforms and spurred growth.
Around the globe governments are responding to the credit crunch with huge bailouts of their national banking systems and fiscal stimulus programs.
Internet technology giant Cisco Systems reported fiscal third quarter results after the close on Wednesday that were at record levels and stronger than analysts expected, yet the stock has sold off more than 3% on heavy volume today.
Operating Systems: In fiscal 1997, OS sales represented about 52.7% of Microsoft's revenues, but as Windows NT gains a foothold in the corporate world, this side of the business is assured even greater success.
Adobe Systems (ADBE) posted fiscal fourth quarter earnings after the close of trading late yesterday.
FORBES: Tech Earnings After the Bell: Adobe Systems, Research in Motion
All the same, the states' fiscal pinch exposes the structure of their tax systems for the ugly mess it is.
Cisco Systems yesterday afternoon posted results for the fiscal fourth quarter that actually slightly beat expectations.
Investors were also waiting for details from the European Union summit in Brussels, where leaders are discussing fiscal integration and the co-ordination of banking systems.
Cisco Systems this afternoon posted financial results for its fiscal second quarter ended January 26 that edged Street expectations.
FORBES: Cisco Q2 Edges Street; Sales $12.098B; Non-GAAP 51 Cents (Updated)
The IMF notes that countries that responded to past crises with aggressive monetary and fiscal stimulus, structural reforms and rapid repair of their financial systems limited the loss of potential.
Cisco Systems this afternoon reported better-than-expected results for its fiscal first quarter ended October 29.
The main questions the applicants need to ask themselves about euro membership are whether their banking systems can stand it, and whether they can live with the tight fiscal controls membership imposes.
High-performance computing systems provider SGI this afternoon reported better-than-expected results for its fiscal first quarter ended September 30.
FORBES: SGI FY Q1 Tops Ests; Affirms Year View; $100M Shelf Filing
But greater fiscal and financial risk sharing and breaking the negative feedback loop between sovereigns and their banking systems must be addressed.
FORBES: For Fitch's Global Credit Ratings, It's Prognosis Negative
This afternoon, as I noted in a previous post, Adobe Systems (ADBE) posted better-than-expected results for its fiscal fourth quarter ended December 3.
Data storage and security systems provider CommVault on Monday morning reported better-than-expected results for its fiscal second quarter ended September 30.
Adobe Systems (ADBE) this afternoon reported better-than-expected results for its fiscal first quarter ended March 4.
FORBES: Adobe FY Q1 EPS Tops Estimates; Sees Q2 Hit From Japan Quake
Adobe Systems shares are trading lower after hours Tuesday on weaker-than-expected guidance for its fiscal third quarter ending in August.
FORBES: Adobe Slides As FY Q3 Guidance Disappoints The Street
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