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Technology Stocks : JDS Uniphase (JDSU)

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To: SJS who wrote (16266)	1/10/2001 2:34:36 PM
From: Stocker	Read Replies (3) of 24042

CSCO - Not really "shaking off" too well...... The part in bold is worrisome and highlights what I've been saying about growth concerns not going away soon. Cisco: Quarter 'More Challenging' Than Anticipated SAN FRANCISCO (Reuters) - Cisco Systems Inc. (NasdaqNM:CSCO - news) Chief Executive John Chambers on Wednesday said the current fiscal second quarter was ``a little bit more challenging'' than expected six weeks ago due to a slowdown in capital spending. ``A slowdown will hurt Cisco,'' Chambers said in a presentation at a Morgan Stanley Dean Witter technology conference in Scottsdale, Ariz. ``We're not immune, but because of balance and network payback, we'll be less affected.'' Chambers also said Cisco did not ``have good visibility into the next two quarters, but we're comfortable about the long-term.'' Shares in Cisco, the largest maker of Internet equipment, were down 8 percent to $34-3/16 on heavy volume of 146 million shares on the Nasdaq in afternoon trade.

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