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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.89

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To: Bush Hogger who wrote (18606)	10/30/1998 3:19:00 PM
From: Tulvio Durand	Read Replies (2) of 77397

Growth of up to 40% in 1999, Morgridge says. Add this to his earlier projection of 25-plus-percent. So now we can infer the new projected range to be 25-to-40% revenue growth. ...This business, along with its traditional business with companies, could help drive revenue growth of up to 40 percent growth during Cisco's year ending July 31, 1999, despite the world's turbulent markets. ''We're getting a lot of business as telephone companies update their equipment to handle both data and voice, and that's an infra-structure investment that is somewhat less impacted by short-term economic swings,'' said Morgridge. quote.bloomberg.com. Morgridge's 25-40% is only a tad down from Chamber's earlier projection of 30-50% revenue growth. Not bad. Tulvio

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