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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.34

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To: jim bender who wrote (10739)	12/11/1997 2:02:00 PM
From: Mark Ambrose	Read Replies (1) of 77400

For the record, here's a cut & paste of the Cisco part of the story -- Thursday, December 11, 1997 (Page B1) in the San Francisco Chronicle. Here's the URL: sfgate.com ---------------------------------------------------------------------- BUSINESS INSIDER -- Alas, Poor Vivus, the Drugs Must Finally Be Wearing Off Also, why the rise in inventories at Cisco Systems? by Herb Greenberg ... << snipped >> ... HEAD'S UP This is probably nothing, but even so: The other day San Jose's Cisco Systems filed its quarterly report with the Securities and Exchange Commission, and it showed a 63 percent surge in finished goods inventories in the first fiscal quarter that ended in October. Rising inventories can be a sign of trouble if the reason behind them is falling sales. But Cisco Chief Financial Officer Larry Carter said inventories are rising because the company's product mix is shifting away from build-to-order goods and toward off-the-shelf products that need to be there when the customer wants them. So, it's not an indication of a slowdown in sales? Carter: ''No.''

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