Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (6393)	3/25/2001 8:52:13 PM
From: ColtonGang	Respond to of 6445

Cisco sees US downturn continuing, spreading - FT 3/25/2001 7:06:00 PM LONDON, March 26 (Reuters) - Cisco Systems Inc. (CSCO) chief executive John Chambers was quoted on Monday as saying the U.S. economic downturn would continue for a least three quarters and that there were signs of it spreading. The head of the number one maker of networking equipment for the Internet told the Financial Times in an interview that the outlook for the U.S. economy had deteriorated significantly since Cisco warned in January that it expected the downturn to last two quarters or more. "Now we are saying that it will last for at least -- at least -- three quarters," Chambers said. Chambers said the company had seen the issues expand to Asia Pacific and that it saw the early signs in Europe. He urged U.S. government agencies to take more drastic remedial action.