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

To: MHA who wrote (47610)	1/31/2001 9:56:19 AM
From: Zoltan!	Read Replies (2) \| Respond to of 77400

Wednesday January 31 1:15 AM ET Cisco Releases New Routers, Optical Product SAN FRANCISCO (Reuters) - Cisco Systems Inc. (NasdaqNM:CSCO - news) announced on Wednesday a slew of new networking products aimed at telecommunications service providers, as the Internet infrastructure equipment provider seeks to fend off small but fast-growing rivals. The products, including a series of high-speed routers for transmitting data, and an optical networking control box, represent Cisco's latest bid to increase its share of the market for so-called ``next-generation'' telecommunications equipment. This equipment helps telecommunication operators easily manage different types of traffic, including voice, data, and fax, on the same network, utilize their available fiber-optic bandwidth more efficiently, and more cheaply introduce new services to end customers. Cisco, which began life selling networking equipment to businesses, has moved aggressively in recent years into providing infrastructure gear for telecommunications firms. The San Jose-based company stood by previous forecasts for between $3 billion and $7 billion in sales this year of optical networking gear, with officials decrying wide-spread reports of a slowdown. ``Wall Street pays a lot of attention to the Internet, but the Internet doesn't pay much attention to Wall Street,'' said Larry Lang, Cisco vice president. The new 12400 series of Internet routers are the first from Cisco to reach speeds of 10 gigabits per second. Other companies, including Juniper Networks Inc. (NasdaqNM:JNPR - news), and Avci Systems (NasdaqNM:AVCI - news), have already announced or shipped 10 gigabit per second routers. Cisco executives were unusually aggressive in touting its new products. Lang claimed that rival Juniper's 10 gigabit router was cobbled together from previous versions of slower products, and as a result would have trouble maintaining its promised throughput. ``It's like comparing four Volkswagens to one Porsche,'' he said.... dailynews.yahoo.com