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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.50

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2:12 PM EST

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To: douglas w. stephenson who wrote (28432)	9/25/1999 12:52:00 PM
From: Kenneth E. Phillipps	Read Replies (1) of 77400

Douglas - Most of their recent acquisitions have been in the telecom equipment sector with an emphasis on convergence products. IMO, they will continue to acquire companies that will help them develop products like call managers, call servers, convergence switches and software for intelligence at the edge like Redback's subscriber management which allows for carriers and providers to provide value added services at the edge of the network as opposed to the core. This seems to be the general direction they are headed.

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