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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 3:59 PM EST

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To: Tony Viola who wrote (23825)	3/21/1999 2:39:00 PM
From: Sonki	Read Replies (1) of 77397

hi tony, u r in csco? CISCO SYSTEMS expects 50% revenue growth from its Asian operations year-on-year, Bill Nuti, president of Cisco's greater Asia operations said on Friday. "Cisco Systems in Asia is growing 50 percent year over year, which is astounding given the economic crisis," Nuti told a news conference. Cisco's financial year ends in July, 1999. In the fiscal year ended July 25, 1998, Cisco reported revenues of US$8.46 bln, up 31% versus the previous year. Net income was at $1.88 bln compared to $1.41 bln previously. Nuti said that Asia, including Japan, comprised about 10% of the group's revenue. Asked how much Cisco would invest in Asia over the next 12 months, he said: "You are looking at $35 to $40 mln in investments."

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