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

To: RetiredNow who wrote (13221)	4/8/1998 12:58:00 AM
From: Matthew	Read Replies (1) \| Respond to of 77397

Interesting reading on Q1 expectations for networkers @ Message 3990503

To: RetiredNow who wrote (13221)	4/8/1998 5:11:00 PM
From: JRH	Read Replies (2) \| Respond to of 77397

<NAR> To all: I came across this story today. I think that you will find it of interest: from Business Times on 16 Mar 1998: Cisco, 3Com and Bay Networks expanding in Asia Opening of new facilities and manpower boost despite regional crisis Networking leader Cisco Systems and its main competitors, 3Com and Bay Networks, are expanding their operations in Asia despite the financial turmoil. Cisco plans to open new facilities in Singapore and the region, said William Nuti, operations vice-president of Cisco Asia last week........ The most ambitious is Cisco. Mr Nuti said the company would more than double its staff in Singapore to 85 by July this year. And for the next financial year ending July 1999, the staff strength would be boosted to 125. Mr Nuti said it was "most likely" that Cisco would have to move its Singapore office in Wheelock Place to bigger premises next year. In the region, the biggest growth in staff strength would be in China. Cisco will hire "well over 100" new employees by July, raising staff strength to more than 250. Another 100 is expected to be added by FY99. Mr Nuti said Cisco would be setting up a technical assistance centre in China in the next 12 months. "We want to prepare ourselves for much larger growth." He conceded, however, that the regional turmoil had affected Asia's contribution to group revenue. For the quarter ended Oct 25, 1997, Asia's contribution (including Japan) to revenues shrank to around 12 per cent from the usual 15 per cent. Cisco posted full-year revenue of US$6.4 billion (S$10.3 billion) for the year ended July 26, 1997. But Mr Nuti said: "Although our Asian growth has slowed, it has not slowed to the extent that we are thinking of retrenchment. Markets are cyclical. This crisis will end. Our investments in Singapore are for the long term. We hope to take away market share from our competitors in Asean." He forecast that sales in Asia this year would rise by more than 50 per cent, noting that the telecoms and enterprise markets would be the drivers of growth. He pointed out that Thailand, Malaysia and Indonesia were continuing to invest in telecoms despite being hit by the currency crisis. Cisco has traditionally been supplying data networks to companies and recently expanded to the telecoms market by merging voice with data networks. Mr Nuti said Cisco would be shortly announcing some new Asian customer contracts in the voice telecoms area.