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


To: Mick Mørmøny who wrote (59125)4/26/2002 4:26:27 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
LOL. What's going on with Cisco today? Did they decide to warn after all? Anyway, $10 is looking more doable, eh?

Ugly, ugly chart: finance.yahoo.com



To: Mick Mørmøny who wrote (59125)4/26/2002 8:20:01 PM
From: puborectalis  Respond to of 77400
 
Updated Friday, April 26, 2002
Cisco Tries Another Route
Cisco Systems (along with just about every other networking company) took a big hit in the tech slump of 2001. Its revenue fell, its stock price slumped, and its workforce shrank by 8,000. But good companies don't give up, and Cisco is trying to fight its way back.

Sure, it's still focusing on the enterprise switch and router gear it made its name with, along with technology for virtual private networks. But Cisco is also making a major play in the wireless LAN market.

It's part of a plan to take advantage of what the company calls "another sea change in technology." The numbers back up that assessment: The WLAN equipment market is expected to grow from $2.4 billion this year to $4.9 billion by 2006, as enterprise customers take advantage of wireless savings and productivity benefits.

Reliable core products and a willingness to take chances in tough times: That's what Cisco is counting on to regain its leadership role. — Stuart Glascock