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


To: Monty Lenard who wrote (43210)11/8/2000 10:53:30 PM
From: bambs  Read Replies (1) | Respond to of 77400
 
works for me.



To: Monty Lenard who wrote (43210)11/9/2000 2:59:13 AM
From: Ed Forrest  Read Replies (2) | Respond to of 77400
 
Didata profits up two-thirds, top forecasts
(UPDATE: Adds results information and background)

LONDON, Nov 9 (Reuters) - South African-based IT services company Dimension Data Plc (quote from Yahoo! UK & Ireland: DDT.L) said on Thursday it saw prospects remaining strong after it reported a 79 percent rise in pre-tax profits to $244.6 million.

This was at the top of the $212-245 million range of analysts' expectations for the company which supplies computer network support.

Turnover was $1.94 billion, 71 percent up.

``The pipeline in all businesses going into the new year is strong,'' Chairman Jeremy Ord said as he released the first results since Didata moved its primary listing to London, entering the FTSE 100 index of top companies at number 42.

It moved in July, raising some $1.4 billion that it has been using to buy control of subsidiaries it had previously been unable to own due to South African regulations.

It has also gone on the acquisitions warpath, particularly in the United States, and said this would continue.

Didata, which makes one third of its sales by reselling Cisco Systems (NasdaqNM:CSCO - news) equipment and looking after it, gave no details of new purchases but said it was looking to extend its worldwide coverage.

``We plan to expand our presence in regions in which we do not yet have a comprehensive presence in order to be in a position to continue to attract new global customers,'' it said.

Didata now operates in over 30 countries.