Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (33912)	10/2/2000 6:43:12 AM
From: Condor	Respond to of 50167

CSCO...of interest 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. yahoo.cnet.com.