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To: Bill Harmond who wrote (78083)	9/22/1999 8:40:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Ever seen Falcon's Crest? I really have never seen this. I believe Mark mentioned it once too. Oh well I have to play with the portfolio I have<G> Glenn

To: Bill Harmond who wrote (78083)	9/22/1999 8:47:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Cisco gets government clearance to buy Cerent WASHINGTON, Sept 22 (Reuters) - Cisco Systems Inc. <CSCO.O> has received clearance to complete its $6.9 billion acquisition of Cerent Corp., bolstering its entry into the telephone market, a filing with the Federal Trade Commission showed Wednesday. The FTC reported that antitrust authorities granted "early termination" to the deal, meaning the companies may merge. Cisco Chief Executive John Chambers has repeatedly said he wants to move quickly into the market for communications switching -- basically, making equipment for telephone companies in competition with traditional players like Lucent Technologies, Inc. <LU.N> and Nortel Networks Corp.<NT.TO>. <NT.TO>. Because of the vast opportunity, Chambers has said his firm is aggressively targeting far larger rivals with long and close relationships with phone companies. The Cerent deal is believed to be the most ever paid for a privately held technology company, but Chambers said in announcing the deal last month in Austin, Texas, "We who understood our market understood that optical transport was going to explode and so our shareholders as well as industry analysts have been asking us for a while what we were going to do." The market for telephone equipment is worth more than $300 billion and increasing demand for the Internet is putting pressure on communications firms to upgrade their networks. Traditional phone networks will be replacing their circuit-switch technology with networks that carry packets of digital data the way the Internet does. REUTERS Rtr 17:46 09-22-99

To: Bill Harmond who wrote (78083)	9/22/1999 9:03:00 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 164684

People don't realize it (except Mark), but wine has been an explosive industry for Ca just like the internet! I drink wine every night, theres a huge aisle (or 2) at Safeway. Not 10 years ago. I did see Coppola on TV once say that its hard to make a profit in the business though... I'm not sure what the issue is there, too much competition? But I'll bet you could have made a lot of money on Napa real estate in the last 10 years too...