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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: Thomas M. who wrote (13782)	5/1/1998 3:51:00 PM
From: JRH	Read Replies (3) of 77400

...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... Although I have heard this before and I believe it, I would just like to let you know that this isn't a very good quote in my eyes. The words "we believe" sound to me like they are making an opinionated statement. But, I'll hand that one to you. Thomas, what are your positions in the data networking market (long / shorts?)?? Tks, JRH

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