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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.80

-0.3%

3:59 PM EST

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To: $Mogul who wrote (42786)	11/7/2000 2:41:45 AM
From: Zoltan!	of 77400

...Still, Cisco offered an equal dose of optimism for each note of caution. Most significantly, Chief Financial Officer Larry Carter urged analysts to increase* their estimates for revenue and earnings for the fiscal year ending next July.* Mr. Carter said Cisco expects fiscal-year revenue to grow 50% to 60%, faster than its traditional guidance of 30% to 50% growth. He urged analysts, who now expect Cisco to earn 72 cents to 75 cents a share for the year, to raise* those estimates by two cents to five cents a share....* interactive.wsj.com Mr. Chambers said Cisco avoided the missteps of its competitors and other tech giants because of its unusually diverse customer base. Orders from big companies, small companies and telecommunications carriers each grew more than 50% in the fiscal first quarter, compared with the year-earlier period, as did orders in each major geographic area. "It is this balance that dramatically differentiates us from all our competitors," Mr. Chambers said. The potential slowdown in telecom spending is as much opportunity as danger, Mr. Chambers said: "It's easier to gain market share in tougher" times.

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