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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who started this subject	3/25/2001 9:34:55 PM
From: ChrisJP	Read Replies (1) of 11130

Hey guys, looks like CSCO sees slow sales for 3 quarters: biz.yahoo.com Cisco sees US downturn continuing, spreading - FT 3/25/2001 7:06:00 PM LONDON, March 26 (Reuters) - Cisco Systems Inc. (CSCO) chief executive John Chambers was quoted on Monday as saying the U.S. economic downturn would continue for a least three quarters and that there were signs of it spreading. The head of the number one maker of networking equipment for the Internet told the Financial Times in an interview that the outlook for the U.S. economy had deteriorated significantly since Cisco warned in January that it expected the downturn to last two quarters or more. "Now we are saying that it will last for at least -- at least -- three quarters," Chambers said. Chambers said the company had seen the issues expand to Asia Pacific and that it saw the early signs in Europe. He urged U.S. government agencies to take more drastic remedial action. Some of the other threads are saying that futures are already down because of it. Still a long way from the open. Welll that leaves IBM, MSFT, and EMC to left to come clean, IMO. If CSCO says thing are gonna suck for 3 quarters, then bottom is 1 or 2 short quarters away ! Yay ! Chris

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