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

To: Tim Luke who wrote (21531)	2/2/1999 1:06:00 AM
From: puborectalis	Respond to of 77400

Cisco Shares Surge Ahead Of Tuesday Report PALO ALTO, Calif. (Reuters) - Cisco Systems Inc. (Nasdaq:CSCO - news) shares surged Monday amid optimism the world's largest maker of computer networking gear will report stronger-than-expected quarterly results Tuesday. The stock closed up 3 7/16 at 115 in trading of more than 25 million shares, making it the second most actively traded issue on the Nasdaq. The stock has nearly tripled in the past 12 months. Tuesday, Cisco will report its fiscal second-quarter earnings after the close of U.S. markets. Analysts forecast that San Jose, Calif.-based company will earn 35 cents a diluted share, according to First Call Corp., which tracks such figures. Cisco continues to hold its own against traditional competitors such as Ascend Communications Inc. (Nasdaq:ASND - news), which recently agreed to be acquired by Lucent Technologies Inc. (NYSE:LU - news), and 3Com Corp. It is also, analysts said, starting to make headway in competing against Lucent and other telecommunications equipment manufacturers as they all race to sell gear to providers of phone, Internet and cable service. Already, the lines between traditional data networking and telco equipment are blurring -- Northern Telecom Ltd (NYSE:NT - news). bought Bay Networks to get its data equipment business and Lucent bought Ascend for the same reason. Increasingly, voice, voice data and video will all be carried over the same network as digital ''packets'' rather than via a traditional circuit switch-based network. Sending the information as packets of data over a newer computer network is cheaper and more efficient than using the older technology. In the year-ago quarter, Cisco had net income of $457.3 million, or 30 cents a share, adjusted for a 3-for-2 stock split in August 1998. In November, Cisco reported fiscal first-quarter profits of $559 million, or 34 cents a share, an increase of 34 percent. Revenue in the first quarter rose 39 percent to $2.59 billion.