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

To: Eric who wrote (50602)	3/28/2001 7:33:55 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 77400

LONDON, March 29 (Reuters) - Cisco Systems Inc (NasdaqNM:CSCO - news) has put an informal hold on making any more acquisitions because of the drop in the high-tech market, the Financial Times reported on Thursday. The FT said the number one maker of networking equipment for the Internet expected the move to last until the high-tech market recovered. Chief Executive John Chambers was quoted as saying it would be inappropriate to make any further buys ``at a time when we're reducing our own workforce''. Cisco, which made 23 acquisitions last year, has not bought a company since December 14, the paper said. It said it was the company's longest acquisition pause since the 1998 Asian economic crisis.