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

To: Eric who wrote (28598)	10/5/1999 3:08:00 PM
From: Techplayer	Read Replies (1) \| Respond to of 77400

Eric, that amazes me. A 12 billion dollar market cap estimate for a company with unproven revenue production. Brian

To: Eric who wrote (28598)	10/5/1999 4:52:00 PM
From: Zoltan!	Respond to of 77400

Dow Jones Newswires -- October 5, 1999 DJ Cisco Sys CEO: No Plans To Slow Co.'s Acquisition Pace NEW YORK (Dow Jones)--Cisco Systems Inc. (CSCO) President and Chief Executive John Chambers doesn't intend to slow down his company's current acquisition pace. "We will acquire between 20 and 30 companies a year as long as the Federal Accounting Standards Board doesn't change the rules," Chambers told CNBC in an interview Tuesday. One driver for acquisitions is Cisco's move to the optical transport market, which is expected to be worth $16 billion in three years, Chambers said. Optical networking uses fiber-optic cables to transmit data, voice and video across telephone and data networks. As reported in September, Cisco said it would buy optical networking firms Cerent Corp. for $6.9 billion in stock and Monterey Networks Inc. for about $500 million in stock. Cisco completed the Monterey acquisition Sept. 29. Chambers expects the Cerent deal will close during the first week in November. interactive.wsj.com