Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (5354)	9/4/2001 12:54:29 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 10077

I don't think its bad. I'm just concerned about the overall health of this market. I also wonder if the merger will fly? I don't know

To: Jorj X Mckie who wrote (5354)	9/5/2001 10:54:56 AM
From: MulhollandDrive	Read Replies (3) \| Respond to of 10077

From your mouth to "God's" ears... <g> Reuters TOKYO (Sept. 5) - The chief executive of tech bellwether Cisco Systems Inc. said on Wednesday the merger deal between Hewlett-Packard and Compaq Computer will likely be just one step in a rapid consolidation of the sector. Speaking at a Tokyo seminar a day after the announcement of the computer industry's biggest ever merger, John Chambers said a recession in the IT industry and cuts in corporate capital spending would cause a drastic shakeout in the sector. "I think what you saw with Hewlett-Packard and Compaq is just one step.... There's going to be a very rapid consolidation in the industry across all segments," he said. Last month, Cisco stunned the industry by reporting a 99 percent dive in fourth quarter net profit. Chambers said companies that can't adjust to the new economic conditions and the high-paced Internet age would just disappear. "You will see both consolidation and you will see a large number of companies just plain go out of business," he said. "Within the Nasdaq as an example, I do believe that out of the top 100 companies on Nasdaq half of them will not be around five years from now."