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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST

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To: Eric who wrote (47086)1/18/2001 6:42:37 AM
From: Ibexx  Read Replies (1) of 77400
 
Thursday January 18, 6:32 am Eastern Time
Cisco sees China sales reaching $1.0 bln

BEIJING, Jan 18 (Reuters) - Top network equipment maker Cisco Systems Inc is aiming to attain an annual sales rate in China of $1.0 billion this year and make it the firm's number two market in three to five years, CEO John Chambers said on Thursday.

``We anticipate hitting a billion dollar run-rate by the end of our fiscal year,'' Chambers told reporters during a two-day stop in China.

He also said the company was ``not immune'' to a slowdown in corporate spending in the United States, but said he expected U.S. spending to recover after two quarters if the government adopted favourable economic policies.

Ibexx
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