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

To: Tulvio Durand who wrote (15971)	8/12/1998 2:05:00 PM
From: billwot	Respond to of 77400

Thread-CSCO expansion plans fpr RTP. freerealtime.com:8000/news?symbol=csco&art=224b0029 RALEIGH-DURHAM, N.C. (Aug. 12) BUSINESS WIRE -Aug. 12, 1998--Cisco Systems, Inc. today announced that it has purchased additional land in Research Triangle Park (RTP), North Carolina, that could accommodate nearly 2,000 more employees in future years. The company has purchased 70.5 acres at Davis Drive, bringing its total land to more than 170 acres, at Davis Drive and Kit Creek Road, south of Interstate Highway 40. Cisco purchased the land for the ability to grow in RTP. The company has no immediate plans for construction on this site. "Research Triangle Park, with its top talent in telecommunications and networking, has been an excellent location for Cisco's East Coast headquarters," said Selby Wellman, senior vice president of Cisco's InterWorks Business Unit, which is based in RTP. "This land acquisition is one of the many steps we are taking to prepare for our continued growth and we're very optimistic for the future." Cisco estimates that the new sites could hold three buildings and about 2,000 employees. Cisco currently employs approximately 820 employees in RTP, out of a worldwide total of about 14,800. Cisco currently has four buildings on its RTP campus. The company began occupying its fourth building on Aug. 1, 1998. Two additional buildings are currently under construction so that Cisco can accommodate 2,000 employees in RTP by the year 2000. About Cisco Systems Cisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet. News and information are available at cisco.com. Note to Editors: Cisco, Cisco Systems and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. billwot