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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.89

-2.0%

9:34 AM EST

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To: JDN who wrote (39162)	8/9/2000 9:31:35 AM
From: Mehitabel	Read Replies (1) of 77398

Absolutely, JDN. The remarks about their position and prospects in various early markets were quite positive, and they expect several of these to ramp quickly, and as you say, contribute to larger profits... :) I believe these remarks were made in response to an implicit question which has been asked explicitly in previous quarters *whether competition is producing price pressures which will lower margins initially and then commodotize products the answer has always been no, and this time was also no. That is the important question for all of us Hope you enjoyed the call. I was extremely pleased at the remarks about CEO's "getting it", and that therefore sales were both faster and bigger than they used to be, and taking place at the CEO level. This struck me as extremely bullish. regards

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