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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/8/2001 4:23:48 PM
From: besttrader	of 37746

Cisco Systems (CSCO) 20.61 +1.36: -- Update -- Inventories were $1.913 bln at quarter-end, which is significantly worse than the $1.6 bln guidance Cisco offered just two weeks before the end of the quarter. Even after a massive $2.5 bln inventory write-off, Cisco's inventories remain a problem. Cisco Systems (CSCO) 20.61 +1.36: -- Update -- Reports Q3 earnings of $0.03 a share, $0.01 better than the First Call consensus of $0.02, vs year-ago earnings of $0.14. Net sales for the third quarter of fiscal 2001 were $4.73 billion, compared with $4.93 billion for the same period last year, a decrease of 4%; see press release.

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