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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.99

-2.0%

12:12 PM EST

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To: LindyBill who wrote (18916)	11/5/1998 8:55:00 AM
From: aladin	Read Replies (1) of 77397

LindyBill, <Gross margins were 65.5 percent vs. 65.7 percent last quarter due to product mix> Not only was that genious Jach right, but at this rate of decline we will, in only 28 qtrs, be all the way down below 60 percent gross margins! SELL SELL SELL John ps LUcents gross margin was a record 45.4% for the qtr ending June 98. Fore stated in their 8/98 10-Q that <gross margins have been adversely affected and may continue to be adversely affected>. They did not actually state what they were!

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