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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.80

-0.3%

Nov 17 3:59 PM EST

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To: Holger Johannsen who wrote (12855)	3/10/1998 10:13:00 AM
From: LWolf	Read Replies (1) of 77400

Holger, I listened to the last CC. John did say that this quarter is traditionally a more difficult quarter for them, so he was setting expectations at the time. They had their forecasts and I'm sure they reviewed them with analysts as needed. The other point is that there was a lot of emphasis on their re-investing into the company for new technologies. I think that was made quite clear to the analysts and it was positively received. We'll just have to see what comes out today from the houses. Laura

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