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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%Nov 26 3:59 PM EST

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To: JRH who wrote (13781)5/1/1998 3:09:00 PM
From: Thomas M.  Read Replies (2) of 77400
 
To quote Robbie Stephens:

...At the traditional GTE unit, we believe that their 5 year $1 billion strategic agreement with Cisco has been canceled. We believe that going forward the run rate of this relationship will be a maximum of $50m per year. In conversations with GTE, they have indicated to us their desire to buy their core switching equipment from Ascend...

Sorry, I can't send you the pink sheet that says "Canceled", so we'll just have to settle for this. -vbg-

Tom
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