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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.11

+0.3%

Oct 31 9:30 AM EST

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To: Jacob S. Rosenberg who wrote ()	9/4/1996 12:27:00 AM
From: Dan Spillane	of 77397

MRV beats CISCO to market... (from IBD 09/04/96) CISCO SYSTEMS INC. rose one point to 53 3/4. The networker is buying privately held Granite Systems Inc., a developer of Ethernet switches that move data at speeds of up to one billion bits per second. That's 10 times faster than top speeds currently in use. Cisco will pay $220 million in stock. Granite is expected to market its gigabit switch early next year. MRV Communications Corp. is expected to be first to the market with a gigabit entry next month. MRV rose 1 3/4 to 21 3/4. *** And the price point and technology of MRVCs switch will likely exceed Cisco's too. Also, MRVC has filed for a key switch patent. Long on MRVC, and CSCO. Dan

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