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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: djane who wrote (51840)	8/9/1998 1:52:00 AM
From: djane	of 61433

"Cisco Shares Fall After CEO Talks About Competition" From Bloomberg: San Jose, California, Aug 7. (Bloomberg) -- Cisco Systems Inc. fell 2.5 percent after Chief Executive John Chambers told analysts the No. 1 computer networking maker faces stiff competition in the telecommunications equipment market. Cisco fell 2 1/2 to 96 7/8 in of 15.3 million, making it the third most active stock in U.S. markets. Earlier, shares touched 96 9/19. Cisco is pushing into the market for Internet equipment sold to phone companies and Internet service providers. As it does, it's facing entrenched phone equipment suppliers, such as Lucent Technologies Inc. and Northern Telecom Ltd., who are much bigger than Cisco. ''Cisco is positioning itself against the big boys,'' said Farrokh Billimoria an analyst at Hambrecht & Quist LLC, who rates Cisco ''buy.'' Chambers told analysts at the Networking Connections Conference in Santa Clara, California, ''this is a big challenge for us.'' The company will need to improve the reliability and scope of its products to compete in the new market, Chambers said.

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