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

To: Curtis E. Bemis who wrote (30502)	12/20/1999 9:39:00 PM
From: James Fulop	Read Replies (2) \| Respond to of 77400

"A Clash of Cultures" forbes.com

To: Curtis E. Bemis who wrote (30502)	12/21/1999 8:52:00 AM
From: Zoltan!	Read Replies (1) \| Respond to of 77400

Cisco reiterated by Cowen as a "strong buy". cnetinvestor.com Cisco raises Pirelli: RESEARCH ALERT-Pirelli raised to buy from hold LONDON, Dec 21 (Reuters) - Dresdner Kleinwort Benson said on Tuesday it upgraded Italian tyre and cable maker Pirelli to ''buy'' from ''hold'' in the wake of the company's alliance with U.S. firm Cisco Systems (NasdaqNM:CSCO - news)..... biz.yahoo.com Dow Jones on Pirelli purchase ...Cisco said it would account for the acquisition as a purchase, and expects it to close in the third fiscal quarter, ending in April. Cisco said it would take a one-time charge of three cents to nine cents per share for research and development. Besides the charge, it said the Pirelli unit might slightly boost Cisco's earnings per share in the fiscal year ending in July. For Pirelli, the deal provides a graceful exit from an arena in which it showed early technological prowess, but has had difficulty building a solid business. Pirelli Chief Executive Marco Tronchetti Provera said in Milan that the deal "allows us to strengthen ourselves in areas where we are stronger. We have exited an area where there is only room for the big players and Cisco is such a player." For Cisco, the deal was a way to acquire the wave-division multiplexing equipment that forms the backbone of modern fiber-optic communications networks. Pirelli's gear splits a single beam of light into as many as 128 "colors," each of which can carry billions of bits of computer traffic, or 150,000 simultaneous phone calls. Cisco had moved aggressively into fiber optics earlier this summer by buying start-ups Cerent Corp. and Monterey Networks Inc. Without wave-division equipment, however, Cisco couldn't offer all-in-one packages to network operators. Cisco looked at start-ups for wave-division equipment, but didn't like the prices. For example, Nortel last week said it would acquire Qtera Corp., which won't ship its first products until the middle of next year, for $3.25 billion. That left Pirelli and Ciena Corp. of Linthicum, Maryland, the only independent producers of wave-division gear. Ciena would have been more expensive -- it's valued at more than $8 billion -- and required more integration with Cisco's other products. Pirelli will strengthen Cisco's presence in Europe, where Pirelli has contracts with Deutsche Telekom AG and France Telecom. In the U.S., Pirelli's best customer is Global Crossing Ltd. interactive.wsj.com^CSCO