When you're good, you're good. Fool.com technology editor Andrew Tonner credits Cisco for its smashing earnings in a tough IT environment. By raising dividends 75%, and after cutting 7,500 jobs and lowering prices, Cisco stands to compete with Hewlett-Packard -- but time will tell how successful it will be.

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Andrew Tonner, Austin Smith, and The Motley Fool have no positions in the stocks mentioned above. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.