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To: Bill Harmond who wrote (6461)	4/16/2001 10:58:09 PM
From: Mark Fowler	Respond to of 57684

Bill that Csco report is scary, the size of the write down is stunning. "likening the dramatic slump to a 100-year flood that may not even happen in one's lifetime, Chambers told Reuters, ``Not only did it occur in our lifetimes, but the magnitude was about five times what we thought possible.'' He said he had previously thought that a 100-year flood would be a 10 percent sequential decline in sales... It makes me more concerned that the broader market won't rebound this year,'' analyst Lauria said of the market for Cisco products. Many analysts and high-tech chieftains had been predicting a rebound in the second half of 2001, which now seems less and less" likely, particularly in Cisco's market. biz.yahoo.com