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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.52

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To: JeffT who wrote (56796)	1/18/2002 2:52:50 PM
From: Eric	Read Replies (1) of 77400

Here comes more Internet bandwidth! Story in todays WSJ... interactive.wsj.com January 18, 2002 Tech Industry Lobbyists Seek Windfall From White House Broadband Strategy By YOCHI DREAZEN and JIM VANDEHEI Staff Reporters of THE WALL STREET JOURNAL WASHINGTON -- For months, the high-tech industry has been working behind the scenes here to push its remedy for the nation's economic ills: a national policy to promote high-speed Internet access. Now the lobbying is paying off. Both President Bush and Senate Majority Leader Tom Daschle are preparing ambitious programs to give more Americans fast Web connections -- raising the prospect of a government-supported gusher of sales for computer and telecom companies. But the programs also raise questions about how the spoils will be divided, and whether the government can revive a sector that has already failed key tests in the market. Earlier this month, Mr. Daschle declared that one of his top economic priorities will be making "broadband service as universal tomorrow as telephone access is today." Mr. Daschle wants a mix of government grants, loans and tax credits devoted to spreading the technology. And President Bush, who agrees with Mr. Daschle on little else these days, will outline his own plans to boost broadband in coming weeks, in what aides are touting as the most significant high-tech policy announcement of his administration

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