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To: JRI who wrote (18554)10/29/1998 1:00:00 PM
From: The Phoenix  Respond to of 77399
 
John,

You might be right...but remember we've had a good run-up (bounce) here. NASDQ is still nearly 25% off it's high and CSCO is now 10% from it's all time high. I wouln't mind a bit if we build a base here.

OG



To: JRI who wrote (18554)10/29/1998 1:56:00 PM
From: Tulvio Durand  Respond to of 77399
 
... regarding the "25% comment"

As far as I know, the "25-plus-percent" sales growth expectation statement by Cisco's John Morgridge is the first mention of anything other than the oft-repeated 30-to-50-percent revenue growth statements from John Chambers (last stated by Chambers in his CC two months ago). As these sort of words have to be chosen very carefully, I read into Morgridge's statement an intentional diminution of previously stated expectations. Moreover, his "... will do over $10 billion this year ..." amounts to only 18.2+ percent over last year's $8.46 billion revenue.

biz.yahoo.com

Tulvio