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Technology Stocks : AWARE
AWRE 1.850-2.6%3:59 PM EST

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To: Peace who wrote (1900)2/6/2001 4:29:43 PM
From: Scrapps   of 2404
 
Cisco Earnings Climb 48 Percent

CHICAGO (Reuters) - Computer networking giant Cisco Systems Inc. (NasdaqNM:CSCO - news) on Tuesday said its fiscal 2001 second-quarter earnings rose 48 percent but missed Wall Street expectations.

The San Jose, Calif.-based company said its profit before one-time items rose to $1.33 billion, or 18 cents a share, for its fiscal second quarter ended Jan 27, from $897 million, or 12 cents a share, in the year-ago quarter. Analysts had on average expected Cisco to report pro forma earnings of 19 cents a share, according to First Call/Thomson Financial.

Sales, which had been widely watched for a slowdown, rose 55 percent to $6.75 billion from $4.36 billion in 2000, falling short of Wall Street's expectations for $7 billion to $7.2 billion.
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Guess it's all about the CC now.
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