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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (4689)	9/30/2000 2:29:32 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

CSCO--Cisco's order backlog quadruples By Bloomberg News September 30, 2000, 10:15 a.m. PT SAN JOSE, Calif.--Cisco Systems, the biggest maker of computer-networking equipment, said its order backlog more than quadrupled to $3.83 billion as of Monday from a year-earlier $922 million. Analysts said the backlog was a sign that Cisco has been having component shortages. The company counted confirmed orders for products to be shipped in 120 days to customers with approved credit, according to Cisco's annual report filed yesterday with the U.S. Securities and Exchange Commission. "It suggests that demand is very good and visibility is very good, and that's very good for the company," said Chase H&Q analyst Erik Suppiger, who has a "strong buy" rating on the company. San Jose, Calif.-based Cisco's sales in the fourth quarter ending July 29 rose 61 percent to $5.72 billion. Cisco shares fell $4.19 to $55.25 on the Nasdaq Stock Market.