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

To: Baldur Fjvlnisson who wrote (61310)	9/18/2002 5:41:31 PM
From: MHA	Read Replies (2) \| Respond to of 77400

Per the news - things are getting back to pre-bubble days. "CIBC World Markets analyst Steve Kamman said Cisco's backlog was simply returning to historical rates the prevailed before the boom years that telecom experienced in 1999 and 2000 before spending collapsed. He said the $1.4 billion backlog is 29 percent of revenues, while the $2 billion backlog was 45 percent of sales. The rate in September 2000 was 58 percent; in September 1999 it was 24 percent; and in September 1998 it was 27 percent, he said. "The backlog is coming off phenomenal numbers from the bubble years," said Kamman, who has a "sector perform" rating on Cisco shares. "Less backlog is not a good thing, but what you're really returning to is a more normal trend level."