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

To: StanX Long who wrote (62083)	3/14/2002 2:31:58 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Cisco sees China demand pick-up sooner, not later By Tony Munroe Thursday March 14, 1:56 biz.yahoo.com TAIPEI, March 14 (Reuters) - Networking gear titan Cisco Systems Inc (NasdaqNM:CSCO - news) said on Thursday it expects ``sooner rather than later'' to see a pick-up in demand from mainland China, a key market depressed by a restructuring of China Telecom. ADVERTISEMENT Several communications equipment makers have said that orders from China -- a crucial source of revenue during an otherwise dismal period -- have slowed in recent months. They have attributed that partly to a massive restructuring of state fixed-line giant China Telecom, which is taking longer than expected. Gordon Astles, president for Asia-Pacific operations at California-based Cisco, also cited China's export-dependent economy and problems in the country's banking sector as factors possibly weighing on demand. Asked when demand from mainland China would pick up, Astles told a Merrill Lynch conference: ``People I talk to keep on hoping it will be in the subsequent quarter.''