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

To: Techplayer who wrote (28687)	10/11/1999 12:39:00 PM
From: elmatador	Read Replies (1) \| Respond to of 77400

telecom99news.itu.int This is the site with the news of Telecom 99. Wunderkind Chalmers talks: Cisco Eyes Major Expansion Acquisition streak to continue as company follows Chamber's vision Jeremiah Caron, tele.com Already one of the largest networking equipment suppliers, in terms of influence if not actual annual revenues, an unsatisfied Cisco Systems Inc. is getting set for what it intends to be dramatic growth. During interviews and press conferences here at the Telecom 99 show in Geneva, company executives were clear about the fact that its notoriously voracious appetite for strategic acquisitions is nowhere near sated. In addition, the executives pinpointed new markets it intends to enter, either through buy-outs or internal development. "The pace of acquisitions of the past months will be typical of the future," said John Chambers, Cisco's chairman and CEO, during a press conference Monday. The company has scooped up ten companies already this year, and expects to nab five to ten more by the end of the year. "This speaks to how broad the marketplace is we're trying to address," added Chambers. The chief executive was quick to point out that these investments are in addition to the 13.5-percent of revenue it intends to spend on internal R&D this year. From a technology standpoint, the company is focusing heavily on optical networking, broadband wireless, cable technology and software platforms targeted to service providers. While the company derives 50 percent of its revenue outside the U.S., it expects to accelerate expansion into new markets--including regions that are just now figuring out ways to build communications infrastructures. "It would be a tragedy for emerging nations to build-out on dead technology," said Chambers, referring to the circuit-switched networks that make up today's public switched telephone network (PSTN). Cisco remains undaunted by claims that the Internet, and Internet Protocol (IP) technology in general, will never be robust enough to support carrier-class voice traffic. It asserts that the industry is two-to-three years into a five-year journey that supports its vision. Cisco also contends that some incumbent carriers are already getting more revenue from data networks than from voice networks, though it would not specify which carriers. Finally, Chambers couldn't resist taking a potshot at its rival, Lucent Technologies Inc.--whose equipment was blamed for the recent MCI Worldcom Inc. network outage--while discussing the relative reliability of data and telecommunications gear. "One of our competitors found out the hard way that just because you're reliable in voice doesn't mean you're reliable in data," he said.

To: Techplayer who wrote (28687)	10/11/1999 12:50:00 PM
From: Zoltan!	Read Replies (1) \| Respond to of 77400

>>Zoltan, My response is based on your statement as fact that CSCO does not need shareholder approval while a recent post indicated that a proxy vote was requested from a shareholder for this issue. Why would CSCO waste a significant amount of money and effort on the mailings if it is not necessary? Either they are wasting resources or you are incorrect. Which is it? This is not a big deal but since you decided to publicly attack me on it last week, it is worthy of note. I don't know what you find so difficult about English. I originally stated that it was funny that Cisco asked for such a vote because, as a CA (and not DE) - chartered company, it need not. Your own reply contains the answer - a shareholder requested a vote and Cisco complied.