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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.32

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Jan 30 9:30 AM EST

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To: Mick Mørmøny who wrote (71016)	9/6/2006 4:48:03 PM
From: Eric	of 77400

Cisco sees 20 percent growth in Japan business September 06, 2006 13:36:11 (ET) NEW YORK, Sept 6 - Cisco Systems Inc. (CSCO,Trade) on Wednesday forecast 20 percent annual growth in its business in Japan due to a surge in network spending by Japanese carriers after a recent lull in the market. Mike Volpi, general manager of Cisco's routing and service provider technology group, said planned network spending by Nippon Telegraph and Telephone Corp. ((9432.T)) would likely be followed by similar investments by others such as Softbank Corp. ((9984.T)). "The magnitude of that spending is subject to some degree of speculation, but our sense is it could be in the billion dollar plus range as an aggregate by all those players over a couple of years' cycle," he told an analyst conference. "In terms of specific growth rates of Japan as a country for us, it will probably turn from ... negative growth rates into 20 percent plus per year." Volpi said such spending was likely to start in the next Japanese fiscal year, which begins in April. Cisco's latest quarterly results showed orders in Japan had turned flat in its fiscal fourth quarter, after five quarters of year-over-year declines.

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