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Technology Stocks : Ascend Communications (ASND)
ASND 196.01-0.8%Nov 10 3:59 PM EST
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To: MR who wrote (33209)2/4/1998 8:08:00 AM
From: Teddy  Read Replies (1) of 61433
 
Any thoughts on this?
"...Asia deserves no credit, which shows Cisco is not reliant
on that portion of its business. Revenue from the troubled
region slipped to 10% of Cisco's total, down from 15% one
year ago and 12% just last quarter. It might tumble into the
single digits, Chambers says. "We are modeling a very slow
Asia recovery."

As for Japan, which makes up the bulk of Cisco's Asian
revenue, the company struck a more sobering tone than rival
Ascend (ASND:Nasdaq), which anticipates a warming in
Japan in the second half of 1998. Chambers says he met
with top Japanese government officials late last month and
that he is "not optimistic" that customers there will increase
spending soon.

Even China, where Cisco has seen sales grow at a 100%
annual clip, could feel the impact of its neighbors' economic
problems...."
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