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To: JakeStraw who wrote (16296)1/10/2001 2:57:08 PM
From: Tim Luke  Read Replies (1) | Respond to of 24042
 
DJ MARKET TALK: Cisco CEO Remarks Could Seem 'More Cautious'

Edited by George Stahl
Of DOW JONES NEWSWIRES

(Call Us: 201 938-5299; All Times Eastern)

MARKET TALK can be found using code N/DJMT

2:51 (Dow Jones) Lehman Brothers' Tim Luke says Cisco (CSCO) CEO Chambers
told investors at Morgan Stanley presentation that his company is slowing
hiring and looking to cut costs. Luke sees the remarks "as likely to be
perceived as incrementally more cautious and ... likely to put some pressure
on the shares this afternoon." Looks that way: they're down nearly 8%, though
at $34.25, off their low for the day. (PJM)