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Strategies & Market Trends : Don't Drink the Kool-Aid Kids

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To: AugustWest who wrote (137)	3/14/2001 6:07:54 PM
From: John Pitera	Read Replies (1) of 1063

It looks like CSCO is starting to feel the fear. the Chambers comments on the buy back going back and forth 10:24 ET Cisco Systems (CSCO) 20 15/16 -7/16: -- Update -- CNBC reports that the company is now retracting their statement denying reports that Chambers hinted at a share repurchase. In fact, Chambers did mention a repurchase program at the conference and Cisco is apologizing for denying it. 10:08 ET Cisco Systems (CSCO) 20 3/8 -1: Company denies yesterday's widely circulated report that CEO, John Chambers indicated at the Merrill Lynch Global Communications Conference that Cisco was considering a repurchase program. and then this issue of the router benchmark test: 11:13 ET Cisco Systems (CSCO) 20 5/8 -3/4: -- Update -- Company issued press release last night claiming that its 12416 core router won an independent test; this is the same test that Juniper (JNPR) was reported to have won on Monday. Both the company that conducted the test, Network Test, and the sponsor, Light Reading, are disputing Cisco's claim and have asked Cisco to correct its statement. They continue to report that the Juniper M160 router won the test and the Cisco 12416 placed second.

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