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To: Dealer who wrote (2188)	9/19/2000 12:03:28 PM
From: Dealer	of 65232

CSCO--Cisco CEO says weak euro a "non-factor" for company BOSTON, Sept. 19 (Reuters) - The chief executive of Cisco Systems Inc (NasdaqNM:CSCO - news), the No. 1 maker of Internet networking equipment, said on Tuesday his company doesn't have euro worries hurting other U.S. companies doing business overseas. ``We do most of our business in U.S. dollars over there,'' John Chambers told Reuters at a Boston technology conference hosted by SG Cowen Securities Inc. ``It actually has a slight positive effect in terms of expenses. (The euro) is a non-factor in terms of our exposure versus what other companies do.'' The euro dropped on Monday to its lowest level ever, battering stock and bond prices. A weaker euro - the common European currency - normally hurts the profits of U.S. companies that sell their products there. Boston-based Gillette Co (NYSE:G - news), for example, warned of flat third-quarter sales, putting some of the blame on a weak euro. Chambers said Cisco has always done most of its overseas business in U.S. dollars. ``I wish I could tell you it was brilliant leadership, but it's not. We just started that way and continued,'' Chambers said.

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