Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corvis Corporation (CORV) -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (1649)	5/29/2003 9:56:16 PM
From: Immi	Respond to of 2772

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.