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Cisco Still Talking a Big Game
Cisco (CSCO Quote) is really stretching it now.
The networker reported Tuesday that fourth-quarter earnings plunged 86% from a year ago on a 25% drop in sales, owing to the telecom industrywide slowdown in equipment spending.
Saying that visibility remains limited, Cisco declined to offer an earnings projection for the first quarter or fiscal year 2002, while predicting as much as a 5% sequential drop in first-quarter sales. ...
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