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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: t2 who wrote (40338)	10/3/2000 7:08:02 PM
From: Eric	Read Replies (1) of 77399

Dow Jones Newswires -- October 3, 2000 Cisco Systems To Focus On The Optical Market, Says CEO Dow Jones Newswires NEW YORK -- Cisco Systems Inc.'s (CSCO) commitment to invest $100 million in a 674,000-square-foot optical plant in Salem, N.H., is "an indication that we're going to try to be one of the very top players in the optical market," Cisco's Chief Executive John Chambers said Tuesday. In a CNBC interview Chambers said the investment represents an "expansion, not a shift in the company's strategy," and a proof of its optimism. He expects a $3 billion to $7 billion run rate," adding that he doesn't believe that corporate spending on optical systems is slowing down. interactive.wsj.com^CSCO

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