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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: HammerHead who wrote (5477)4/10/2001 2:43:33 PM
From: dennis michael patterson   of 52237
 
Cisco Fundamentals:

"Cisco Systems also announced massive layoff (the first widespread layoffs in its 17 year history). Cisco plans to eliminate up to 17% of its work force by July.
. . .
Another preannouncement is expected from Cisco this month. A UBS Warburg analyst reported that checks with Cisco suppliers found most of Cisco's product lines down 10-30 percent from last quarter. My sources indicate numbers are even worse than that. Some areas of Cisco's business have "fallen off a cliff." I wouldn't be surprised if Cisco reports a loss the next couple of quarters. Where it can, Cisco is cancelling orders from its suppliers, 'zeroing' them out in some cases. Orders to IBM for ASIC semiconductors are a casualty."

--Fred Hickey, The High Tech Strategist, April 2, 2001
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