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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (600)	1/10/2001 2:25:07 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 15481

CSCO stuff: Am I missing something of did Chambers simply state the obvious? Cisco CEO Chambers Says Second Quarter Is `More Challenging' By Scott Lanman 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. quote.bloomberg.com.