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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: Elsewhere who wrote (6348)2/12/2000 12:03:00 PM
From: MikeM54321  Read Replies (2) of 12823
 
Re: Cisco's Chambers Comments Regarding Europe/Asia

Jochen and Thread- While listening to Chambers during his Q2 CC, I heard him say pretty much say the same things about Davos as we have previously discussed. Chambers was in Davos during the World Economic Forum and he is of the opinion that Europe is about 18 months behind the US in Internet infrastructure usage and development. And he is also of the opinion that Asia is ahead. Very much my conclusions from my visits to both regions in the last year.

In a very positive light, he said this years conference was totally unlike last year when Europe's reception to the Internet phenomenom was not taken seriously. He said this year, time and time again, world leaders realized that the Internet is key to their countries not only competing, but surviving in the world marketplace.

Remember, I'm paraphrasing, as best I can from a scratchy recording of his comments.
_______________________________

I tried to find my post where I mentioned that Cisco was one of the only equipment companies to maintain an investment in Asia right into their crisis of 1997. But could not find it. Anyway, to add further creedence to, "Asia is ahead," comments by Chambers, consider the fact that Cisco has sold in one quarter, $392 million of networking equipment into the Asia marketplace. Even more astounding considering Japan is not part of their Asia breakout. -MikeM(From Florida)
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