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

To: Howard Bennett who wrote (29230)	11/9/1999 9:24:00 PM
From: Jim O'Connell	Respond to of 77400

Interesting Article This is the eighth in a series of surveys of 50 MIS managers. The purpose of these surveys is to identify industry trends and gain insight from purchasers of data networking equipment. This report summarizes the results of our survey that was conducted during October 1999. Fundamental Highlights: · MIS managers appear more confident that they will be Y2K compliant by the end of 1999. · Over 90% of the respondents indicated that their systems have been fixed although several have not completed testing. · A majority of MIS managers believe that Y2K issues are behind us. Specifically, 62% of respondents believe that Y2K concerns are overblown, and all believe that critical systems will be Y2K compliant by December 1999. · About 78% of the MIS managers do not believe that IT spending will be cut back in the second half of 1999 to fund Y2K fixes and testing. MIS Managers have become more cautious on the outlook for software as Y2K approaches. · More than 85% of MIS managers expect to maintain or increase the level of capital spending on IT equipment in 2000. More than a third expect to increase spending by more than 10% next year. · Over half of the MIS managers expect to use Layer 3 switches and optical equipment at some point in the future. · Ethernet remains the LAN technology of choice for today and tomorrow by a large margin. Only the speed at which these LANs will operate changes, with gigabit Ethernet showing some modest gains. · In response to growing traffic requirements, MIS managers are split between adding bandwidth to the network and implementing more complicated technologies. Investment Highlights: · Cisco (CSCO, $71 1/2, B-1-1-9) was identified as the most likely supplier of Layer 3 switches and the vendor that is gaining the most momentum. · 3COM (COMS, $28 1/2, C-2-2-9) was again selected as the second vendor gaining the most momentum. · Cabletron's (CS, $19, C-3-2-9) standing with MIS managers has weakened.