Steve, I doubt that you missed these recent CSCO comments but just in case, here is again. That's what I was referring to, and not the purchase agreement between CSCO and AMD.
The irony of all of this is that CSCO was trying to reassure the street that it would make earnings next week....instead it got investors freaked about AMD. That's another example of Rob S.'s bearish indicator....CSCO was saying a good thing but it hurt another stock in the process. That how ridiculous market sentiment has become.....which leads me to think that a $63 price for AMD is as stupid as a $200 on a dot com that has an EPS of <$10>. Inversely they are both inappropriate and are more reflective of a manic/depressive market than reality.
ted
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Cisco Says Supply of Memory Chips, Other Parts Is Improving
Burlingame, California, Aug. 1 (Bloomberg) -- Cisco Systems Inc., the world's largest maker of computer-networking equipment, said the supply of flash-memory chips and other parts for optical- networking gear has improved this quarter.
``We have seen dramatic improvement in (the) supply chain this quarter,'' Carl Russo, vice president of Cisco's optical-networking group, said at the Opticon 2000 conference in Burlingame, California.
Cisco in May said that any persistent shortages of flash or other components could hamper the San Jose, California, company's ability to meet analysts' expectations. Makers of everything from cellular phones to electronic organizers have said they could have shipped more products if more parts had been available.
``The biggest supply issue for all of us has been flash,'' Russo said. ``Some of the cell-phone makers may have over- forecasted their demand'' for flash, freeing up parts for optical equipment made by Cisco and others.
Cisco shares fell 2 to 63 7/16 in late trading. They've gained 19 percent this year.
Aug/01/2000 15:28 ET
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