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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/16/2001 4:17:41 PM
From: Teri Garner	Read Replies (1) of 37746

DJN: DJ Cisco/Estimate -2: Cites Global Economic Challenges >CSCO (Dow Jones 04/16 13:17:15) SAN JOSE (Dow Jones)--Cisco Systems Inc. (CSCO) expects third quarter revenue down 30% from second quarter revenue of $6.7 billion, with pro forma earnings per share in the "very low" single-digit range, and is cutting about 8,500 jobs. In a press release Monday, the company said the moves are due to "continued global economic challenges, the slowdown in the global telecom market, and the deceleration in corporate IT spending." (MORE) DOW JONES NEWS 04-16-01 04:17 PM S.DJ CSCO .ERN I/CMT I/TEL I/XGTI I/XNQ1 I/XSTX N/DJN N/DJWI N/CAC N/CNW N/DJRT N/ERP N/HOT N/LAB N/WEI M/MMR M/TEC P/DEU P/DTE R/CA R/NME R/PRM R/US R/USW

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