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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

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To: Techplayer who wrote (29276)	11/10/1999 7:04:00 AM
From: Zoltan!	Read Replies (1) of 77400

>>I hope that the CSCO war chest is sufficient to cover the y2k enterprise shortfalls so that we do not have a sector blip in DEC/JAN.<< The results "suggest the overall sector is very strong and Cisco is continuing to dominate the business," said analyst Eric Suppiger, who co-covers the company at Hambrecht & Quist. Cisco Chief Executive John Chambers said he was slightly more optimistic than in the past couple quarters about the company's Y2K outlook. Corporate and government spending is hard to predict in the fiscal second quarter, and Cisco predicts its corporate, or enterprise, business will be flat to down compared with the first quarter, he said. But only a few customers will freeze their spending entirely, Chambers said on a conference call. Further, spending at service providers, and small- and medium-sized businesses will be less affected, he said, In addition, the overall impact of the Y2K computer bug should last only one quarter, he said. interactive.wsj.com

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