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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: larry pollock who wrote (3038)	2/20/2001 3:09:07 PM
From: larry pollock	Read Replies (2) \| Respond to of 3891

Cisco CEO Sees Europe Being Hurt by U.S. Slowdown, Paper Says By James Mosher San Jose, California, Feb. 18 (Bloomberg) -- Cisco Systems Inc. Chief Executive John Chambers said Europe is on the brink of being engulfed by the U.S. economic slowdown, the Independent on Sunday newspaper reported, citing an interview with Chambers. Chambers, head of the No. 1 maker of computer-networking equipment maker, said the U.S. government and the Federal Reserve have just four months to prevent the downturn from spreading across the Atlantic, the newspaper said. ``We must fix the U.S. economy before it (the slowdown) moves to Europe,'' said Chambers in an interview from his office in San Jose, California, the heart of America's Silicon Valley. ``It must be fixed before the middle of the year, or it will be like a domino effect.'' He urged the Federal Reserve to be ``more aggressive'' and the Bush administration to make significant tax cuts to steer the U.S. economy back to near double-digit growth, the Independent said. Shares of Cisco have fallen 26 percent so far this year as orders slow. The stock fell $2.56 to $28.25 on Friday. (Independent on Sunday 2/18 Business, Page 1) (For the Web site of the Independent on the Bloomberg, see {INDT }.)