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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.94

+1.1%

Nov 28 9:30 AM EST

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To: The Phoenix who wrote (14503)	6/12/1998 2:30:00 PM
From: Maverick	Read Replies (2) of 77400

The computer networking industry -- for years the fastest-growing high-tech business -- will expand at its slowest rate ever in 1998 as prices for key types of equipment collapse, a market research firm said on Wednesday. Cahners In-Stat Group now expects industry sales to rise just 8.1% for the year to $29.1 billion from $26.9 billion in 1997. In the previous two years, the industry's revenues grew by about 30% to 40%. The main culprit for the networking industry's slowdown this year is free-falling prices for Ethernet switches -- specialized computers that route information between hundreds of personal computers within a company. (Reuters 07:56 PM ET 06/10/98) For the full text story, see infobeat.com

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