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

To: Lizzie Tudor who wrote (64120)	5/29/2003 9:58:00 PM
From: Immi	Read Replies (1) \| Respond to of 77400

NEW YORK (Dow Jones)--Cisco Systems Inc. (CSCO) has a good chance of winning a government contract valued between $800 million and $900 million over two years, according to sources familiar with the deal. Roughly 15% of Cisco's North American sales come though contracts with the federal government, according to a Cisco spokeswoman. The spokeswoman declined to comment on the company's pursuit of the $800 million to $900 million contract. The Department of Defense wants to award a contract to build a new voice, video, and data network. The network will be part of the agency's global information grid bandwidth expansion, or GIG BE project. The government describes GIG BE as a "ubiquitous bandwidth-available environment to improve national security intelligence, surveillance and reconnaissance, and command and control information sharing," according to the Defense Information Systems Agency Web site. The contract should generate between $800 million and $900 million in sales, said Gina Sockolow, an analyst with Buckingham Research Group. "There is a lot of competition for this contract but we believe it's going to go to Cisco, the incumbent," Sockolow said in an interview with Dow Jones Newswires. Sockolow doesn't own shares of Cisco, and her firm doesn't perform investment banking services for the company. The Department. of Defense declined to comment. Sockolow expects the lion's share of the contract will go to Cisco, with a small portion of the optical core work, roughly $50 million, to be awarded to Corvis Corp. (CORV). Sockolow said the contract would be a significant win for Cisco.

To: Lizzie Tudor who wrote (64120)	5/30/2003 10:56:26 AM
From: rkral	Read Replies (1) \| Respond to of 77400

OT .. Lizzie, re " so if the FASB doesn't require expensing in the future, are you saying you won't blame Chambers and the "tech lobby"? (somehow I doubt that) <gg>" I blame Congress for the 1994-95 failure to mandate option expensing. After all, the failure occurred because Congress threatened the very existence of the FASB. So I suspect it would be the same this time. But I might also "blame Chambers and the tech lobby" if they use falsehoods, or half-truths, or excessive "campaign contributions" in order to influence Congress. Have you read much about the May 8th Senate forum, "Preserving Partnership Capitalism Through Stock Options for America's Workforce", aka the Senate roundtable on stock option expensing? Approximately 20 participants, including the 4 hosting Senators -- and they're all against option expensing except for 2 guys from the FASB, and 1 guy from the SEC. It was a thinly veiled threat to the FASB, and again to its very existence. Just listen to this (2-minute edited) audio clip of the chair Senator Enzi .. to see for yourself. senate.gov re " there is one company that speaks louder wrt options than Cisco, Dell, or anyone. Guess who it is" Not me. Who? Regards, Ron