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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.07

-1.4%

3:59 PM EST

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To: Cynic 2005 who wrote (18885)	11/4/1998 11:28:00 PM
From: JRH	Read Replies (1) of 77397

>> Cisco booked 69 percent of its orders on the Internet and now sells more than $20 million a day through the worldwide network, Chambers said. << SFW? Are they NEW sales which OTHERWISE would not have been in? First off, what is "SFW"? That's a new one to me. Regarding CSCO's internet sales, this is one reason why they have such huge profits. Think about it, selling over the internet doesn't require salespeople and there is a lot less room for human error. I heard somewhere that before they implemented this internet sales, customer's orders would have errors on one out of every four orders. With forms and such on the internet, it is pretty hard to err an order! Also, it makes for efficient outsourcing when they can have the orders sent automatically to the supplier, who will build it and ship it to the customer directly. So, Internet = Lower Inventory + Fewer Configuration Errors + Quicker shipping times + Lower Employee Cost + Higher Gross Margins!! Justin

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