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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (44527)9/4/2003 2:44:19 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Investors pushed shares of networking equipment giant Cisco Systems (CSCO) over the $20 a share threshold Wednesday for the first time since January of 2002 after CEO John Chambers said that August orders were above company expectations. However, speaking at a technology conference in Boston, Chambers said he "wouldn't get too excited about it" and that it's too early to know if sales momentum is sustainable. Are investors reacting prematurely to a potential rebound in Cisco's business?
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