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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: fred woodall who wrote (51080)	4/4/2001 5:04:05 PM
From: $Mogul	Read Replies (4) of 77397

This sure is not good for the Optical growth outlook...wow, isn't this supposed to be the "fastest growning mkt"...face it... spending by telecom will decrease in 2nd 1/2...regardless of the technology.... Cisco-CSCO says growth of optical router not as fast as we would like (13 11/16) 16:59 EST Cisco-CSCO says growth of optical router not as fast as we would like (13 11/16) Information provided by www.theflyonthewall.com. [PRE] Cisco Systems (CSCO) 13 11/16 -1/16: -- Update -- CNBC reporting that Cisco has discontinued its optical router product; this product was a result of its $500 bln August 1999 Monterey Networks acquisition and has long been rumored to be in trouble (rumors which Cisco frequently denied). Light Reading reported in early February that Cisco had given up on the Monterey gear and was developing a new optical switch in-house. Cisco cited weak market but Ciena (CIEN) has had much success with its optical switch, suggesting that product shortcomings had more to do with this decision.

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