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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.71

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12:18 PM EST

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To: Lizzie Tudor who wrote (63259)	3/13/2003 12:51:19 PM
From: Elroy	Read Replies (1) of 77400

Sorry I don't have much time to respond as I am on my way to the Trader Vics in Abu Dhabi for dinner, but again you haven't responded (much) to my point - Cisco has almost no price pressure from competition. You say they do from Dell in Wifi cards? What's that 0.05% of their business? Cisco makes switches, routers, access devices and some other mumbo jumbo that are used to build LANs, have access to WANs, route traffic and then do all the neat things you can do on a network - that's their core business, and their customers will pay premium prices for Cisco gear, and will not take produce from others just because it is less expensive. So their cost structure is fine, their only problem is demand (the revenue line). Anyway, gotta run for Chateau Briandt (or however it is spelled). Your man in Arabia says, goodnight! Elroy

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