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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58605)	1/9/2002 10:50:15 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

1/09/02 - Cisco forecast uncertain growth host.wallstreetcity.com SCOTTSDALE, Ariz., Jan 09, 2002 (United Press International via COMTEX) -- Tech giant Cisco Systems Inc. said the prospects for growth in the economy and industry were unclear, but the company still expects to expand its market share and make several small acquisitions to fill in gaps in its product portfolio. Cisco, which makes gear that powers the Internet, said the U.S. market is still struggling, but it has seen some strength in Europe. Asia has had a mixed performance, with China feeling some of the stress from the U.S. economic downturn. Japan will likely see three to five years of challenging times, Cisco said. "I'd like to say I knew where the economy is going ... but there's still limited visibility," said Cisco Chief Executive John Chambers. "Visibility is still limited, and it is so with most of my customers," Chambers said. "Customers are saying 'We're planning conservatively and acting accordingly.'" Cisco had seen stable product orders from June through September and that continued through the end of December, Chambers said.