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

To: Chi-X who wrote (10357)	11/11/1997 12:54:00 AM
From: Zoltan!	Read Replies (1) \| Respond to of 77400

Chi, Chi, Chi XXX I must chide, chide, chide you. Rascally edit job, you changed the entire thrust (no doubt your intention) by chopping the following: Chambers told Dow Jones sales in Asia now represent just 12% of overall revenues, down from a typical contribution of as much as 16%....In the countries Cisco groups together as 'South Asia' - the Indian subcontinent and SouthEast Asia - sales were slower than in previous quarters, but still more than doubled, according to John Higgs, marketing director for the region. Softness in our marketplace is a problem that most companies in the West would give their right arm for,' he said in a telephone interview. 'We're still growing at a phenomenal rate.'http://interactive2.wsj.com You should also recall that Morgan Stanley just picked Cisco as best bet to profit despite Asian turmoil. If you wanted to post something relevant you might have cited the effect our feckless leader is having on US high tech competitiveness. He and that other "Atari" Democrat, the boy blunder, could not buy their party in the lower chamber. Seems the labor unions wouldn't sell: (excerpt) Canada Is Hot for Latin American Trade --- Exporters Gain by Chilean Pact at U.S. Rivals' Expense ---- By John Urquhart Staff Reporter of The Wall Street Journal OTTAWA -- As the U.S. debates its trade strategy for Latin America, a different trading partner is stepping up its own bid to compete in the area. Canada this spring became the first of the Group of Seven industrialized countries to conclude a free-trade pact with Chile. The accord, which went into effect in July, is already helping Canadian businesses seal deals at the expense of the U.S. Now Canada is angling for a preferential trade arrangement with the region's biggest trade group, Mercosur, which links Brazil, Argentina, Uruguay and Paraguay. The Chilean business is the payoff from Canada's decision to proceed on its own in Latin America. It moved after the Clinton administration failed in 1995 to get congressional fast-track authority to negotiate Chile's admission to the North America Free Trade Agreement, which groups the U.S., Canada and Mexico. Labor unions are particularly concerned about the threat of competition from relatively low-wage Latin American countries. But American companies say U.S. delays in getting special trade agreements are still hurting them. "In our business you've got to move fast" to compete, says a spokesman for Cisco Systems Inc., a computer-networking company. Cisco's Canadian competitors, such as Newbridge Networks Corp., are making inroads into Latin American markets. Newbridge recently installed an advanced nationwide high-speed communications network in Chile. Peter Charbonneau, Newbridge's president, said removal of Chile's tariff from most Canadian goods is making the company much more competitive for future business. Although Chile itself has a population of only a little over 14 million, it is seen as an attractive base from which to expand into other Latin American countries, because of the high standard of its banking and other services. Canada's annual two-way trade with Chile currently amounts to only US$540 million -- just over half of the trade between Canada and the U.S. in a single day. But Canadian officials see the figure multiplying several fold in the next few years. Meanwhile, Canadian business people in South America are enjoying their good fortune. Canada is getting a "good head start" in the Chilean market, says Robert Garneau, the Bank of Nova Scotia's senior representative to its Chilean affiliate, Banco Sudamericano. "I'm surprised that it is taking the U.S. so long to move." Adds U.S. Trade Representative Charlene Barshefsky, "We are sitting on the sidelines, spotting Canadian competitors an 11% price advantage." http://interactive.wsj.com/ That lack of policy and vision hurts Cisco and other leading US companies. Regards