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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (132521)	4/16/2001 6:27:03 PM
From: Saturn V	Read Replies (4) \| Respond to of 186894

Hi Amy, Finally the Cisco news hit. Silicon Valley was rife with rumors of Cisco's poor health. I posted some of the stuff I was hearing. Cisco is indeed one of Intel's biggest customers for communication chips. Apparently Cisco and its ilk (Lucent, NT etc) will not be buying chips from any vendor for a year. So Intel's networking and communication business will be sick for a while. The PC business has seen the bottom, but communication is still in a free fall. Awaiting tomorrow's conference call, to see what rays of sunshine are out there. The Cisco management and Chambers were the the darlings of the investment community. The easy environment made them look like geniuses. Now their true mettle is being tested. So far they have done poorly in this downturn. For weeks wild rumors were rife amongst Cisco's employees about fifty percent cutbacks, and ninety percent drop in revenue. Reality is not as bad as rumors suggested, but shows a sorry financial mess.