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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.66

-0.5%

3:10 PM EST

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To: Gerald Walls who wrote (35151)	5/9/2000 8:37:00 PM
From: Gerald Walls	of 77400

Briefing.com sez (excerpted from their after market news): Cisco Systems (CSCO) 62 3/4 unch: Reports Q3 earnings of $0.14 a share, a penny above the First Call mean; revenues rose 55% to $4.9 bln... Stock trades down 1/8 in after hours. Cisco Systems (CSCO) 62 3/4 unch: -- Update -- Revenues of $4.9 bln beat estimates that were generally in the $4.6-4.7 bln range. Cisco Systems (CSCO) 62 3/4 unch: -- Update -- The prepared remarks in the Cisco conference call are now coming to an end and were generally very positive; perhaps best news was that the Cerent 454 which is nearing a $1 bln revenue run-rate. CEO John Chambers also said that Cisco is more optimistic than at any point in the last several years. [emphasis theirs] Q&A is now beginning. Cisco Systems (CSCO) 62 3/4 unch: -- Update -- Conference call just ended. Generally a very bullish call, with the best news being the strength of the enterprise business, which had been a bit sluggish over the past year. The service provider business was also very strong, but that was well anticipated. Also, the comments regarding the rapid ramp in the optical access business (from the Cerent acquisition) were encouraging. After initially trading lower on the report, Cisco is now up a fraction at 63 in after hours trading.

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