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Technology Stocks : Ascend Communications (ASND)

ASND 204.21

-2.3%

10:34 AM EST

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To: Joseph Colombo who wrote (51625)	8/4/1998 11:21:00 PM
From: Immi	Read Replies (4) of 61433

Cisco takes top spot in Internet-dial up from 3Com NEW YORK, Aug 4 (Reuters) - Cisco Systems Inc. (CSCO - news) said it has outpaced arch-rival 3Com Corp. (COMS - news) to become the No. 1 supplier of dial-up Internet access equipment, overcoming its late entry into the fast-growing market. Dial-up access products are sold to phone companies and Internet service providers who install them in switching centers to connect customers dialing in over phone lines to the Internet. In an interview, Cisco CEO and President John Chambers said the company's dial-up access business has been growing far faster than competitors 3Com and Ascend Communications Inc. (ASND - news) Sales of such dial-up products grew 90 percent during Cisco's May-July quarter compared with the same year-earlier quarter, and 18 percent from the third quarter, Chambers said. He declined to break out specific revenue numbers for the products, in keeping with the company's practice, but said that the rapid growth had put it ahead of 3Com in terms of revenues for the first time. Cisco already had surpassed Ascend in this market earlier in the year, he noted. ''Everybody puts us ahead of Ascend and now we've closed on 3Com,'' Chambers said in an interview late Tuesday, referring to analyst estimates of the various players in the market. The company also said it moved into the No. 1 position in the Token Ring networking market for the first time. Token Ring is a type of network used to connect mainframe computers and other large computer systems used in large organizations. 3Com was previously the market leader here too. In general, Cisco said that during the latest quarter the company remained No. 1 or No. 2 in each of the major market segments in which it competes.

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