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

To: RetiredNow who wrote (58867)	4/9/2002 9:48:16 AM
From: Victor Lazlo	Respond to of 77400

It could happen, mm. But I just don't think it will. What i do think will happen is that the US will attack Iraq if covert efforts to topple Saddam fail. I believe those covert efforts are underway now.

To: RetiredNow who wrote (58867)	4/9/2002 12:42:20 PM
From: Zoltan!	Respond to of 77400

Good news in the WSJ (Updated April 9, 2002 10:00 a.m. EDT): ....There is, however, some good news. Cisco Systems Inc. (CSCO), the San Jose-based market leader, appears to be suffering the least amid the downturn, because its large size and diversified revenue base offer some measures of protection. After four consecutive quarters of declining sales and profits, Cisco is now expected to post increases for its fiscal third quarter ending April 27, compared with a year ago, analysts said. Cisco is scheduled to release results May 7. Lehman Brothers Inc. analyst Tim Luke expects Cisco to post pro forma earnings of 9 cents a share, excluding certain charges and other items, matching the average estimate of analysts polled by Thomson Financial/First Call. A year ago, Cisco had pro forma earnings of 3 cents a share. Third-quarter revenue should rise slightly to $4.8 billion from $4.73 billion last year, Luke estimated. Cisco had said in February it expected third-quarter sales to be either flat with the second quarter's $4.82 billion, or up in the single-digits on a percentage basis. The telecom downturn has certainly hurt Cisco. But the majority of its sales are still to large corporations, also known as the enterprise segment. Luke believes U.S. enterprise spending may have picked up in March following a subdued February. He also noted that 3Com Corp. (COMS) reported an uptick in sales of switches to U.S. enterprise customers in its fiscal third quarter, which ended March 1.... The bad news gets worse for JNPR: Even in the ailing telecom service provider segment, Cisco appears to have been hurt less than its rivals. Deutsche Bank Securities analyst Raj Srikanth said Cisco probably took substantial market share from Juniper in the high-end core router market in recent months. Juniper Issued Warning In March Juniper has already signaled it is having problems. The Sunnyvale, Calif., company warned in late March it would miss its targets for the first quarter. Juniper said it expects revenue of $120 million to $125 million, at least 17% lower than its previous forecast. Juniper now expects pro forma earnings, excluding certain items, at slightly above break-even for the first quarter, down from its previous target of earnings of 3 cents a share. These results are down sharply from year-earlier levels, when Juniper had pro forma earnings of 25 cents a share on revenue of $332.1 million. The average estimate of analysts polled by Thomson Financial is for break-even results. Juniper, which is scheduled to report results Thursday, attributed the shortfall to "continued cautious spending on the part of service providers and carriers." One problem is that Juniper depends heavily on revenue from telecom customers such as Qwest and Worldcom Inc. (WCOM), companies that operate long-haul backbone networks, according to ABN Amro Inc. analyst Kenneth Leon. Their budget cuts are contributing to what Leon estimates will be a 40% decline in industry capital spending in 2002.... online.wsj.com