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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

0.0%

Dec 24 12:59 PM EST

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To: Eric who wrote (48991)	2/17/2001 8:29:38 AM
From: Zoltan!	of 77400

Don't get anywhere near NT - it's that bad. Actually, it's worse than that. Well, it's official. The previous regime left US with 1970's style stagflation: Saturday February 17, 6:05 am Eastern Time Cisco CEO says U.S. in recession, warns may spread STOCKHOLM, Feb 17 (Reuters) - The Chief Executive of the world's biggest networking company Cisco Systems Inc. (NasdaqNM:CSCO - news) said on Saturday much of the U.S. economy was in a recession and this threatened to spread to the rest of the world... biz.yahoo.com ....``In the coming quarters we will be more careful when it comes to acquisitions and most will be smaller, strategic ones that do not add particularly many employees to our organisation,'' he said. But in the long term Cisco's plans held firm, he said. ``We will certainly buy more than 20 companies this year, just like last year. But bear in mind that our share has actually fallen less than most of our competitors' so it is not a problem for us to do more buys,'' Chambers said. ``Besides, the price for unlisted start-up companies is about 20 percent of what it was a year ago.''

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