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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

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To: sawgrass who wrote (27238)	8/8/1999 10:13:00 PM
From: Guy	Read Replies (1) of 77400

RE:<Cisco investing $1Bil. into KPMG> Is this for real???? What next IBM buys Mattel. I do not see the point. Yeah, I read the story.........so what. I am going to burn a couple thousand tonight by buying my CPA dinner and drinks. I hope he remembers around tax time when I need some cash!!!!!!!!! I think you have to read more carefully did you see: Under the terms of the deal, KPMG will use the money to hire 4,000 engineers and service professionals to develop and deliver Internet-based data, voice and video services to its clients, the newspaper said. Over the next 18 months, KPMG will build six technology centers -- four in the United States and two abroad, the Times reported. I think Cisco is trying to get the ball rolling on heavy use of Internets in the office. Finding applications which use the Internet heavily will mean they will have to buy more network products(ie Cisco's) And of course once the benefits are realized from one company like KPMG using this new technology, the rest will be forced to follow. It is good to see companies investing for the future like Cisco. Guy

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