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

To: Tulvio Durand who wrote (15901)	8/9/1998 8:57:00 PM
From: StockMan	Respond to of 77400

Re -- Makes one gush over Chamber's business acumen. Its largely a model borrowed from IBM and Wang. However things may be changing for Cisco since networking is increasingly standards based and interoperabilty will be key. However the identifying of Cisco with the internet is interesting, given that the internet is not solely routers and switches (80% of Cisco). Stockman

To: Tulvio Durand who wrote (15901)	8/9/1998 10:00:00 PM
From: djane	Read Replies (2) \| Respond to of 77400

WSJ. Cisco Chief Predicts Acquisitions Made by Telecom Rivals Will Fail [Silly argument by Chambers. I guess if you keep saying it, it must be true... Let's see. What's the one thing Chambers fears most? NT/BAY, LU/ASND and then a series of 10-15 acquisitions/year by NT/BAY and LU/ASND of bleeding edge start-ups ala the successful CSCO. Gosh, so Chambers says they won't work. Unsurprising propaganda. And, by the way, ASND/Cascade has proved to be very, very successful with all due respect, Mr. Chambers. As you know, Cascade has done very, very well in direct competition with Stratacom and CSCO's WAN strategy hasn't been up to its usual prowess.] Dow Jones Newswires, August 7, 1998 The head of data-networking equipment giant Cisco Systems Inc., which is racing to prepare itself for competition from telecommunications-equipment makers that are gobbling up data-networking firms, predicted Friday that the majority of those acquisitions will fail. Speaking at a networking-industry gathering in Santa Clara, Calif., Cisco Chief Executive Officer John Chambers said Wall Street assumes the large producers of equipment for today's voice networks, such as Lucent Technologies Inc., will acquire companies with data technology and make the acquisitions work. But Mr. Chambers -- who is obviously biased on the subject -- thinks otherwise. All of the big telecom-equipment providers are entering the data-networking market, including Northern Telecom Ltd., which recently agreed to purchase Bay Networks Inc. At the same time, Cisco has made acquisitions to bolster its lineup of offerings for telecom carriers. Cisco, of San Jose, Calif., is the biggest maker of data-networking equipment and a key player in the technology industry. Cisco's equipment -- routers, hubs, switches and the software that controls them -- are the most popular tools that companies and Internet-service providers use to manage electronic traffic in computer networks. About 85% of the routers used to decipher and direct data traffic on the Internet are made by Cisco. But as tomorrow's combatants -- telephone and cable-TV giants, Internet-service providers, wireless companies and more -- gear up to win customers, Mr. Chambers and his colleagues are maneuvering to make the company a top merchant in the much wider arena. Cisco will define itself as synonymous with the Internet, Mr. Chambers said Friday. "The Internet is driving the new economy," he said. Cisco is eager to be seen not just as a networking "plumbing" supplier, but as the spur of the entire Internet revolution. Mr. Chambers now courts policy makers, journalists and executives, and is courted himself: He was a featured speaker at the executive summit thrown earlier this year by Microsoft Corp. Chairman Bill Gates. Mr. Chambers' comments come a little more than a year after Cisco approached both Lucent and Northern Telecom about possible partnerships. Cisco earlier this year decided to stand alone in defending its position[Unbelievable. CSCO decided? LU and NT didn't decide?], with Mr. Chambers saying there was "zero chance" for a blockbuster merger. Mr. Chambers has cited "cultural" differences between the companies and believes Lucent and NorTel are ill-equipped to compete in the technology marketplace of the future that Cisco is targeting.[Another absurd statement] Lucent recently filed a patent-infringement lawsuit against Cisco, alleging infringement of eight patents that cover technology related to routers, high-powered asynchronous transfer mode, or ATM, switches and frame-relay gear.