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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: CJ who wrote (55861)	10/13/1998 2:08:00 PM
From: hitesh puri	Read Replies (1) of 61433

>Pyykkonen projects Cisco Systems Inc. (CSCO), the industry leader, >earned 33 cents a share in its fiscal first quarter, which ends in >October, compared with 26 cents a year earlier. Looking ahead, Stix >warned that Cisco - which gets about 75% of its revenue from the >enterprise market and 15% to 20% from financial-services companies >could feel the effects of slower corporate spending next year. The >analyst recently cut his long-term revenue growth estimate on Cisco >to 25% year-over-year from 30%. Exactly the point I was trying to iterate yesterday. Cisco is NOT a WAN play and soon the complacency that MM have in buying it wiil wane and then watch out below. -hitesh

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