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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Zoltan! who wrote (27973)	8/27/1999 11:54:00 AM
From: Ray Smith Jr	Respond to of 77397

Tellium response to Cisco/Monterey Thursday August 26, 5:23 pm Eastern Time Company Press Release Tellium Hails the Dawn of Optical Networking Age Statement by Tellium President Richard Barcus OCEANPORT, N.J.--(BUSINESS WIRE)--Aug. 26, 1999--Today, Cisco Systems agreed to acquire Cerent Corp. and Monterey Networks for $7.4 billion in stock, validating the intelligent optical networking age. Richard Barcus, President of Tellium, maker of optical networking cross-connect switches, released this statement in regard to Cisco's acquisitions: ``Cisco's purchase makes it clear that the telecommunications industry is rapidly moving towards optical networking and switching as the premier infrastructure for the 21st century communications network,' Barcus said. ``With our leadership position in building the world's first optical network for Extant and this acquisition, the age of optical networking has arrived. Our switches will deliver the most robust and flexible network possible for the Internet, data and voice networks.' Tellium President Richard Barcus is available for interviews. Please contact Geoff Livingston at 703/761-2557 to schedule with Barcus. Tellium is headquartered in a 67,000-square-foot manufacturing facility in Oceanport, New Jersey. Corporate investors include Telcordia, SAIC, Cisco Systems and Ortel Corporation, and financial investors include Oak Investment Partners, Accel Partners, Worldview Technology Partners and Blue Rock Capital Investors. Tellium's optical cross-connect product, Aurora 32, was the first-to-market in the telecommunications industry and, along with the larger Aurora 512, is the cornerstone network element of survivable mesh and ring optical networks. More information about Tellium can be found on the Internet at www.tellium.com.

To: Zoltan! who wrote (27973)	8/27/1999 12:12:00 PM
From: Howard Bennett	Read Replies (4) \| Respond to of 77397

Don't we just love our CSCO! P/E based on year 2000 earnings is 93 EPS growth rate for year 2000 is 27.9% PEG ratio 3.22 (a tad high given all the competition CSCO is facing) I wonder what portfolio manager will be the first to "fall out of love" with it?