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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.38

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Nov 18 3:59 PM EST

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To: Zoltan! who wrote (29456)	11/19/1999 10:45:00 AM
From: JRH	Read Replies (1) of 77400

A new survey shows that networking giant Cisco Systems expanded its lead in the networking market by 12 percent in the third quarter of 1999. According to a quarterly report by the Dell'Oro Group, total sales of shared hubs and local area network switches grew 5 percent, or $150 million, to $3 billion in the third quarter, with Cisco garnering 12 percent of the sales in that category. After Cisco, 3Com came next with an 8 percent growth rate during the quarter, trailed by Nortel Networks and Cabletron. Switches are a key piece of equipment for helping to direct data traffic on a computer network. Other categories of networking turned in strong sales. Companies showing strong growth in the Layer 3 Ethernet switch market were Cisco, with $61 million, and Cabletron, with $15 million. Gigabit Ethernet shipments, which grew 46 percent quarter-over-quarter, were driven by an average price decline of about 20 percent. Fast Ethernet port shipments grew 22 percent quarter-over-quarter and the market is on pace to exceed $2.6 billion in revenue for 1999, according to the survey. yahoo.cnet.com Justin

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