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

To: Canuck Dave who wrote (46714)	1/10/2001 10:19:05 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 77400

Before meeting with analysts in a closed door session, John Chambers, CEO of Cisco systems (CSCO) announced that revenues and earnings had slowed slightly in the last half of the quarter and..... Dave Interesting partial sentence.Do you have a link to the complete text? Ed

To: Canuck Dave who wrote (46714)	1/10/2001 10:35:57 PM
From: Paul Reuben	Read Replies (1) \| Respond to of 77400

First of all, I have never owned CSCO, but I was day trading NT today (long) when it dropped on Chamber's 'challenging' comment. Well, if we're going to argue over whose got the prettier poodle, need we remind you what a freakin' god-awful tailspin NT's last earnings announcement put NT and CSCO in? Neither stock has been the same since! I seem to recall NT giving an ultimately too optimistic $12 Billion optics revenue prediction (someone please correct me if I'm wrong), only to have it blow up in their (and CSCO's) face. Perhaps a little review of one's own house is in order prior to defaming that of others?

To: Canuck Dave who wrote (46714)	1/11/2001 12:23:16 AM
From: The Phoenix	Respond to of 77400

Canuck, I'd have to echo Paul's response. Seems to me the air came out of the sector when Roth claimed NT would do $12B in revenues in optics ... NT came out and said they missed due to lack of engineering to install? Not even a hint from the guys in the great white north that anything was a problem. Further Roth suggested that the channel is stuffed with the stuff - "not enough guys to install what has been delivered". The sector - including all the optical component and contract manufacturers took a hit because of this and we have all yet to recover. Chambers has been candid and clear that it's been a challenging quarter... I don't think he stated that CSCO was missing the quarter. Don't you think it's a bit different to suggest to the street that all is great and yet miss (NT style) is different than being candid and suggesting that it's tough and perhaps still making numbers??? Maybe CSCO doesn't beat by it's typical penny - perhaps they simply hit the number... But providing early guidance rather than simply tossing out a surprise turd is clearly the difference between what CSCO is doing in this case and what NT did last quarter.... Canuck, I find your rage completely misplaced.... Send your message to Roth for it was he that got the ball rolling... OG

To: Canuck Dave who wrote (46714)	1/11/2001 10:00:58 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Blah, blah. Come on. No one has a crystal ball, not even Chambers. As soon as he felt the visibility became murkier, he told us. He's as honest as CEO's come. The truth is, last quarter Cisco grew revs at a 70% clip. All their customers were telling them, they were still going to spend, despite what the analysts were saying. However, this quarter, the analysts turned out to be right and the customers reversed themselves. So Chambers tells us as soon as he knows the trend is real. For him to speculate, when no one knew that the downturn was real would be irresponsible. He confirmed the downward spending forecasts with customers, then he told us. What more do you want? Cut the shit and try to be realistic.