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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.28

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3:59 PM EST

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To: Victor Lazlo who wrote (51878)	4/20/2001 11:43:29 AM
From: RetiredNow	Read Replies (2) of 77400

I'll answer you Victor. I think Chambers got caught in the trap of getting to exuberant last November when Cisco grew at a 66% clip. Then he fell flat on his face a quarter later, when sales had dropped off a cliff. So as all roller coaster go, he is now going to the other extreme. From crazed optimist, to down in the dolldrums pessimist, he is preparing the analysts and the company for the worst, but hoping for the best. So if there are any surprises in the future, they will be to the upside. That's why he is continuing with the no visibility story.

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