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Technology Stocks : METRICOM - Wireless Data Communications -- Ignore unavailable to you. Want to Upgrade?

To: Allegoria who wrote (3017)	1/10/2001 1:29:11 PM
From: Sir Auric Goldfinger	Read Replies (2) \| Respond to of 3376

More evidence of telcom deflationary death spiral: "Cisco CEO Chambers Says Second Quarter Is `More Challenging' Scottsdale, Arizona, Jan. 10 (Bloomberg) -- Cisco Systems Inc. Chief Executive John Chambers said the company's fiscal second quarter has been ``a little bit more challenging'' than expected amid a slowdown in spending by its customers. ``If there's a slowdown in capital spending, will Cisco be affected? Absolutely,'' Chambers said in a presentation at the Morgan Stanley Dean Witter Internet, Software & Networking Conference in Scottsdale, Arizona. Shares of Cisco, the largest maker of Internet equipment, fell $2 to $35.13 in early afternoon trading. They had already fallen 30 percent in the past year. Cisco's fiscal second quarter ends Jan. 27. The presentation was Chambers's first to investors since Dec. 4, when he told analysts that the company wasn't changing its forecasts. Chambers didn't offer a new forecast today. He said he expects ``a wider range of estimates'' from analysts. He wasn't more specific. The company is slowing its hiring pace, he said. --Scott Lanman in the San Francisco newsroom (415) 743-3526, or at slanman@bloomberg.net /smw/cmm Story illustration: To compare Cisco's historical stock performance with that of the Standard & Poor's 500 Index, see {CSCO US <Equity> COMP SPX <GO>}.