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Strategies & Market Trends : The Thread

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To: stan s. who started this subject6/1/2001 3:31:01 PM
From: marquis103   of 49816
 
From Briefing.com. Russ

15:25 ET Cisco Systems (CSCO) 19.05 -0.21: Cisco getting hit by this excerpt from its 10Q: "The recent slowdown in the general economy, changes in the service provider market, and the constraints on capital availability have had a material adverse effect on many of our service provider customers, with a number of such customers going out of business or substantially reducing their expansion plans. These conditions have had a material adverse effect on our business and operating results, and we expect that these conditions will continue for the foreseeable future."
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