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

To: Buzz Payne who wrote (29485)	11/22/1999 3:48:00 AM
From: Mephisto	Respond to of 77400

Cisco increases lead in networking hardware By Erich Luening Staff Writer, CNET News.com November 19, 1999, 6:30 a.m. PT A new survey shows that networking giant Cisco Systems expanded its lead in the networking market by 12 percent in the third quarter of 1999. According to a quarterly report by the Dell'Oro Group, total sales of shared hubs and local area network switches grew 5 percent, or $150 million, to $3 billion in the third quarter, with Cisco garnering 12 percent of the sales in that category. After Cisco, 3Com came next with an 8 percent growth rate during the quarter, trailed by Nortel Networks and Cabletron. Switches are a key piece of equipment for helping to direct data traffic on a computer network. Other categories of networking equipment turned in strong sales. Companies showing strong growth in the Layer 3 Ethernet switch market were Cisco, with $61 million, and Cabletron, with $15 million. Gigabit Ethernet shipments, which grew 46 percent quarter-over-quarter, were driven by an average price decline of about 20 percent. Fast Ethernet port shipments grew 22 percent quarter-over-quarter and the market is on pace to exceed $2.6 billion in revenue for 1999, according to the survey." This article was published earlier but it is worth another look for those who think CSCO is in trouble -Mephisto