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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.40

-0.5%

Dec 30 3:59 PM EST

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To: Uncle Frank who wrote (39039)	8/8/2000 5:31:43 PM
From: Tony Viola	Read Replies (3) of 77400

Oops, concerns. Procurement. Chambers spent the most time on this one by about 2 to 1 over any other item. Cisco carrying 5 to 10% inventory of critical components. Chambers did say lead times started getting better in July. Competition from Nortel, Lu, Siemens, others. OK. Something to do with stock options, didn't get. Tremendous balance in products and geography. Chambers called this a challenge and a good news item. Didn't get explanation well. More support outside of US a more difficult challenge for customer services? Might have missed another concern. If I did, don't think it was a biggie. Sounds like procurement is the one to micro-manage. The rest sounded like boiler plate. Tony

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