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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (1096)	1/10/1998 11:04:00 AM
From: patroller	Read Replies (2) \| Respond to of 2542

Peter I just wonder if europe will fill in for asia.read this........ isco sees Europe growth in online surge FRANKFURT, Jan 9 (Reuters) - Cisco Systems Inc , the world's biggest maker of computer networking equipment, on Friday highlighted growth in its European business, with more sales being made online and good prospects due to market liberalisation. "Over the last 12 months we have gained significant share in Europe," James Richardson, president of Cisco Systems Europe, told Reuters, noting that "business in Europe is going quite well." He declined to elaborate ahead of Cisco's second quarter earnings period ending on January 25, because U.S. regulations forbid the release of news which could affect the company's shares during the so-called "quiet period." But Richardson said European customers were increasingly using the Internet to order the company's routers and other networking equipment. "In the last fiscal month, about 25 percent of our business in Europe came over the Internet," he said. "By the end of the fiscal year in July we should be at 50 percent." Cisco's European Internet sales site should generate more than $1 billion in sales next year, he said. Online commerce can often help companies boost profit by lowering the costs involved in closing sales with customers. Richardson also said he expected a boost in European business as a result of the liberalisation of telecommunications markets across the continent. "I think growth in the Internet in Europe is going to be very robust," he said. "As the price of telecommunications comes down, there is going to be an increase in demand, and as the Internet grows, we grow." Deutsche Telekom AG , which operates Europe's largest online service, is a big customer, he noted. ((Neal Boudette, Frankfurt Newsroom, +49 69 756525, frankfurt.newsroom@reuters.com)) Do you think this will make a difference.Patroller