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

To: Frank Chen who wrote (10380)	11/11/1997 5:45:00 PM
From: Zoltan!	Respond to of 77400

Could be, or just bottom fishing. I'm still more inclined to believe there was a reaction to what happened in Washington. Canadian NN had an even better day, after the Democrats scuttled tariff reduction under orders from their paymasters, to the benefit of non US high techs. Cisco and other US corps will still have to deal with an 11% tariff there and elsewhere in South America, unlike our neighbors to the north. 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. 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." interactive.wsj.com exchange2000.com Also, check out the NN thread. Regards