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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: Zoltan! who wrote (31055)1/6/2000 6:40:00 PM
From: Jacob Snyder  Read Replies (1) of 77400
 
Lucent getting Xeroxed:
from WSJ:

"We are clearly disappointed with the results for the quarter," said Lucent Chairman and Chief Executive Officer Richard McGinn.

"We still expect our revenues to continue to grow three to five percentage points faster than the overall communications-networking market," he said. "However, given the slow start for the year, we expect to be in the lower end of that range for fiscal 2000."

Lucent cited several factors, including faster-than-expected shifts in customers' purchases to the company's newest fiber-optic products and greater-than-expected demand for new features, which resulted in "near-term manufacturing capacity and deployment constraints."
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