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To: Larry S. who wrote (26520)	11/7/2000 8:51:01 AM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 53068

I think its interesting that despite CSCO beating the street and giving a positive forward outlook there are still the nay sayers. Cisco after the closing bell on Monday gave a healthy outlook for the rest of the year. Overall sales, which had been widely watched for signs of a slowdown, rose year-on-year 66 percent, topping Wall Street expectations. ``I thought it was a great quarter,'' said Noah Blackstein, a portfolio manager with Dynamic Power American Fund with $300 million in assets. ``I thought Cisco continued to execute, continued to deliver. But the attitude in the market is good news is bad news and bad news is awful.'' Cisco's sales to telecom service providers, which analysts have pointed to as an industry-wide trouble spot, grew sequentially only in the ``high single digits'' in the first quarter over the fourth quarter the previous year. One analyst remained concerned that Cisco would be affected by the same slowing demand seen by other network equipment vendors -- most notably Nortel Networks Corp. (NYSE:NT - news) (Toronto:NT.TO - news). ``I don't think Cisco has as much visibility into the next two to three quarters as they would like. They're putting a brave face forward,'' said Paul Sagawa, analyst with Sanford Bernstein, who says Cisco's rate of earnings growth will ''decelerate''.