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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: The Phoenix who wrote (32486)	2/23/2000 11:21:00 PM
From: RetiredNow	Read Replies (1) of 77399

Hi all, I saw several posts on this thread asking why Cisco was up so much today. Here's your answer. There are two reasons, one macro and one micro. MACRO: Greenspan's report was somewhat benign and he even mentioned that he can't find inflation anywhere he looks. However, he did say he would guide the economy to a soft landing. Who cares, though? Everyone is once again realizing that rising interest rates primarily affect the older industries, not the new economy companies like Cisco who are tackling a $350 billion telecommunications market. MICRO: Cisco announced a deal with Tekelec which is pretty major if you really think about it. Here's a quote from the article followed by the URL. "Tekelec said on Wednesday it would work with Internet equipment maker Cisco Systems Inc. to help telephone companies move their voice traffic to next-generation networks, and its shares surged to a year-high on Wednesday." What this means is that Cisco is making inroads into the telecommunications market faster than anyone ever thought they would, despite all the naysayers on this thread. Here's the URL: biz.yahoo.com

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