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To: Tony Viola who wrote (94048)	12/15/1999 1:18:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Tony - Re: "What'd Cisco say? After all, it was their 10Q, their words" biz.yahoo.com Wednesday December 15, 11:42 am Eastern Time Cisco says guidance filing repeats long-held view NEW YORK, Dec 15 (Reuters) - Internet equipment maker Cisco Systems Inc.(NasdaqNM:CSCO - news) said on Wednesday its remarks in a government filing Tuesday that net sales could grow at a slower pace in the future is a reiteration of its long-standing view. ''We've provided the same cautious guidance for years and it's really long-term guidance,'' Doug Wills, the company's spokesman told Reuters in a telephone interview. ''Guidance for the quarter and the year remains the same. We're very comfortable with analysts estimates for the quarter and the year.'' The Wall Street consensus estimate for the company's fiscal second quarter ending in January is 23 cents a share and $1.00 a share for the year. Both estimates exclude goodwill and amortization. In 1998, Cisco earned 18 cents a share in the second quarter and 75 cents a share in the whole year. ''We expect that in the future our net sales may grow at a slower rate than experienced in previous periods, and that on a quarter-to-quarter basis our growth in net sales may be significantly lower than our historical quarterly growth rate,'' the company said in a quarterly 10-Q filing with the U.S. Securities and Exchange Commission. The company made a similar statement in its annual 10-K filing earlier this year. Shares were trading at 94-11/16, down 3-1/4, in late morning trading on Nasdaq. Shares hit a low of 92-7/8 earlier in the session. -------------------------------------------------------------------------------- More Quotes and News: Cisco Systems Inc (NasdaqNM:CSCO - news) Related News Categories: US Market News