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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.42

+4.6%

Nov 13 3:59 PM EST

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To: Kenneth E. Phillipps who wrote (16843)	9/7/1998 5:25:00 PM
From: aladin	Read Replies (1) of 77398

Kenneth, Bad example :-) during the last downturn in the early 90's Boeing invested heavily in automation technologies. The 777 program alone (right there in Everett) involved more than a billion dollars in Information Technology infrastructure. A good portion was network infrastructure. Also - everyone assumes L3 switches have awful margins. They also said that about access routers and fast ethernet switches. I can't remember seeing our margins decline when we took 1st in access routers or with fast ethernet :-) John

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