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

To: Zoltan! who wrote (31008)	1/6/2000 4:31:00 PM
From: Mark Duper	Read Replies (2) \| Respond to of 77400

This seems to be very LU specific. What do you guys think? The company attributed the lower than expected revenue and earnings for the first fiscal quarter to several factors, including: -- Faster than anticipated shifts in customers' purchases to Lucent's newest 80-channel DWDM optical product line and greater than expected demand for OC-192 capability on the 80-channel systems, which resulted in near-term manufacturing capacity and deployment constraints; -- Changes in implementation plans by a number of customers inside and outside the United States, which led to delays in network deployments by enterprises and service providers; -- Lower software revenues, reflecting an acceleration in the continuing trend by service providers to acquire software more evenly throughout the year. In the past, these purchases occurred primarily in the quarter ending December 31; and -- Preliminary results show lower than anticipated gross margins this quarter from ramp-up costs associated with introducing and implementing new products and lower software revenues.