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

To: RetiredNow who wrote (54349)	8/7/2001 6:45:24 PM
From: Proud_Infidel	Respond to of 77400

Cisco Sees Sales Flat to Down 5 Percent SAN JOSE (Reuters) - Cisco Systems Inc., the biggest maker of data networking equipment, said that fiscal first-quarter sales could decline as much as 5 percent from the $4.3 billion it recorded in the fourth quarter. Cisco's (Nasdaq:CSCO - news) Chief Executive John Chambers issued the sales guidance on the company's conference call to discuss fourth-quarter results. He said sales could be ``flat to down 5 percent'' from fourth-quarter levels. Referring to analyst and investor skepticism that Cisco can continue to increase sales by 30 percent to 50 percent per quarter in healthy economies, Chambers said, ``We continue to view (it) as a stretch but an achievable goal for Cisco.'' Many analysts have said that growth of 15 percent to 20 percent is more realistic, but Chambers remained optimistic about Cisco's ability to grow sales, paced largely by new markets such as optical networking and products sold into the metro networking space. Chief Financial Officer Larry Carter told analysts on the conference call that pro forma gross margin in the first quarter will be ``low to mid-50 percent.''

To: RetiredNow who wrote (54349)	8/7/2001 6:45:57 PM
From: michael97123	Read Replies (2) \| Respond to of 77400

MM, You make a whole bunch of excellent points. This economy fell off a cliff back in the 4th quarter 2000 around election time. Orders stopped. The day before the orders stopped folks were still indicating orders were on the way. This funk will end that way too. On the day before the orders are placed, noone will be indicating any interest as well. They will all come at once and CEO's can only guess when that day will occur. Intel and Cisco are planning for that day, while many competitors, perhaps soon to be former competitors, are not or just can't afford to. Chambers is the best around but he is not God. mike