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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: Tulvio Durand who wrote (10716)	12/10/1997 2:33:00 PM
From: jim bender	of 77399

CISCO SYSTEMS INC (CSCO) Quarterly Report (SEC form 10-Q) The sales growth rate for lower-priced access and switching products targeted toward small and medium-sized businesses has increased faster than that of the Company's high-end core router products. These products typically carry lower average selling prices, and thus have slowed the Company's growth rate versus the first quarter of last year. Additionally, some of the Company's more established product lines, such as the Cisco 2500 product family, have experienced decelerating growth rates. Sales to international customers declined to 39.1% in the first quarter of 1998 versus 47.0% for the first quarter of 1997. The decrease reflects slower sales growth in certain international markets, particularly Japan, Korea, France, Germany and Italy. Sales growth in these markets has been impacted by certain factors including weaker economic conditions, delayed government spending, a stronger dollar versus the local currencies, and slower adoption of networking technologies. full report... sec.yahoo.com

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