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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: majaman1978 who wrote (81241)	8/7/2001 4:34:05 PM
From: lightwave51	Read Replies (1) of 99985

Cisco fourth-quarter profits fall 86 percent 8/7/2001 4:20:00 PM SAN JOSE, Calif., Aug 7 (Reuters) - Technology bellwether Cisco Systems Inc. (CSCO) , which makes gear that helps power the Internet, said on Tuesday its fiscal fourth-quarter profits fell 86 percent as the economic slowdown continued to hit the tech sector hard. The San Jose, California-based networking giant said its operating earnings for the quarter ended July 28 were $163 million, or 2 cents a share, compared with $1.2 billion, or 16 cents a share, in the same period last year. Analysts had expected the company to earn 2 cents a share, with a range of nil to 4 cents, according to market research firm Thomson Financial/First Call. Sales fell 25 percent to $4.3 billion from $5.72 billion last year. Cisco had said sales would be flat to down 10 percent from the $4.73 billion it posted in its third quarter. REUTERS

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