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

To: Tony Viola who wrote (31938)	2/8/2000 5:05:00 PM
From: Bill	Read Replies (1) \| Respond to of 77397

That's amazing and unexpected. Message 12812630

To: Tony Viola who wrote (31938)	2/8/2000 5:08:00 PM
From: Lynn	Read Replies (1) \| Respond to of 77397

CBM Marketwatch news: Sales jump 53% Cisco Systems profit up 49% By Cecily Fraser, CBS MarketWatch Last Update: 4:41 PM ET Feb 8, 2000 Silicon Stocks Hardware Report SAN JOSE, Calif. (CBS.MW) -- Cisco Systems said Tuesday that second-quarter profit rose 49 percent, topping analyst expectations as sales of the company's network equipment soared. The company also declared a two-for-one stock split. After the market closed, Cisco reported sales of $4.35 billion, up 53 percent from $2.85 billion in the year-ago period. Pro forma net income was $906 million, or 25 cents a share, excluding items. That's a penny ahead of the 24-cent consensus estimate of analysts surveyed by First Call and an improvement from last year's pro forma net income of $609 million, or 17 cents. Cisco shares closed up 5/8 at 125 13/16, but were changing hands at about 130 in after-hours trading, following the announcement. The stock is up more than 55 percent from mid-November when the company reported its fiscal first quarter results. Cisco's stock split will be its ninth since going public in 1990. Cisco (CSCO: news, msgs) is the biggest manufacturer of data networking products such as routers and switches, which tell information where to go. Its sales and profits have been growing steadily, lifted by demand from telecommunications firms looking to step up their Internet capabilities. "The momentum of the Internet revolution continues to accelerate across both business and government sectors on a worldwide basis," said CEO John Chambers in a statement. Optimism surrounding the company's second-quarter profits, propelled Cisco's stock to new highs in the past three consecutive sessions. Join the Cisco Systems discussion group. cbs.marketwatch.com