SOX 400 material...
also... the DOW is up primarily so they can pump out the AGR ipo... AbbyJC did the same for a few GSCO ipo's a while back... same thing...
Scam lives on :) *yay*
siliconstrategies.com
Cisco reportedly halts component ordering
EBN
(03/27/01 10:57 a.m. PST)
Recent Articles
Communications
Lucent's IPO price puts Agere stock at $9.8 billion market value
Nortel, Ericsson, Nokia step up cost cuts, layoffs
STMicro adds LCD drivers to IC portfolio for cell phones
LSI Logic to acquire C-Cube for $878 million in stock
Motorola aims 'electrically tunable color' at reflective LCDs
Microsemi ships GaAs devices three months ahead of schedule
Archives
SAN FRANCISCO -- Continuing weakness in the networking infrastructure market has led networking giant Cisco Systems to halt component ordering, particularly impacting two programmable logic suppliers, according to an analyst at Thomas Weisel Partners LLC.
"We believe Cisco has stopped ordering components altogether while orders from other key customers including Nortel, Lucent, and EMC are likely severely diminished as well," said TWP analyst Eric Ross in San Francisco.
In a research note issued this morning, Ross noted that inventory levels throughout the supply chain have swelled to 12 months, while inventory at major Cisco suppliers Altera Corp. and Xilinx Inc. have risen to 8 and 7 months, respectively, in March.
Ross today (March 27) downgraded the stocks of programmable logic suppliers Altera and Xilinx, each of whom attributes roughly 75% of its sales to network-equipment OEMs. |
