Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: wgh613 who wrote (43847)	3/25/2002 4:41:15 PM
From: J L Segal	Read Replies (2) of 99280

Good news from CSCO also: "enterprise spending in March has rebounded significantly" (don't know if this was mentioned here earlier, but I didn't see it in any of CSCO's news headlines today) > Cisco Systems (CSCO:Nasdaq) saw improved demand in March thanks to a pickup in information technology spending, according to Lehman Brothers analyst Tim Luke. "Our channel checks have suggested that U.S. enterprise spending in March has rebounded significantly from the somewhat depressed levels of February," Luke said in a research note. "In our opinion Cisco should benefit from that." Enterprise spending accounts for about 35% to 40% of Cisco's overall revenue. Cisco was off 0.24 (-1.45%) to 16.33.

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