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


To: E. Mark who wrote (51143)4/5/2001 3:50:44 PM
From: JakeStraw  Read Replies (1) | Respond to of 77400
 
E. Mark, Yes I agree if market sentiment were to change that CSCO would likely go up. I just currently see no reason near term for market sentiment to change dramatically.



To: E. Mark who wrote (51143)4/5/2001 4:00:21 PM
From: Kailash  Read Replies (2) | Respond to of 77400
 
Broadband to the rescue?

WASHINGTON, April 5 (Reuters) - Democrats believe more federal support is needed to help extend high-speed Internet access to all Americans, regardless of income or location, they said on Thursday.

The Democrat "high-tech agenda" to breach the country's digital divide calls for doubling research and development funding over the next 11 years, said Senate Democratic Leader Tom Daschle in an online news conference.
"We think it is in the interest of the entire country that everyone have broadband access by the end of the decade," the South Dakota senator said.

Daschle and other Democrats compared wiring the country for broadband, or high-speed Internet access, to the building of the country's electric power and telephone infrastructure.
Companies that are willing to wire inner-city, rural or sparsely populated areas of the country should be given tax credits and loans, the lawmakers said.

"We want this new information age to be available to all Americans," said North Dakota Sen. Bryon Dorgan. "I don't view advanced technological communications as anything different than electricity or phones."

Dorgan said legislation similar to that which helped create the country's telephone network was needed to build a high-speed Internet infrastructure.

The universal service program, financed through a levy on all long-distance calls, subsidizes telephone access for low-income families and remote areas.

Telecommunications reform legislation passed in 1996 extended the program to subsidize Internet connections at schools and public libraries and Democrats vowed to fight any effort to kill that program.

The Democrats also set out a goal that every child be computer-literate by sixth grade. Their plan would provide $1.5 billion for technology education, so teachers can prepare their schoolchildren for the Internet age, they said.

Science and engineering spending should also be stepped up, so the United States remains competitive in the global marketplace, said Sen. Barbara Mikulski of Maryland. Democrats proposed doubling National Science Foundation funding over the next five years.

"The private sector's job is to create products," Mikulski said. "The federal government's job is to create knowledge."

moneynet.com@NEWS-P1&HEADNEWS=TRUE