-->was sind das aber auch für Miesmacher!


(leider ist der Artikel dazu kostenpflichtig )

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-->Cisco to Dutch Daily: You Misunderstood
Wed July 09, 2003 01:52 PM ET

By Ben Klayman
CHICAGO (Reuters) - Cisco Systems Inc. CSCO.O officials on Wednesday said comments attributed to Chief Executive John Chambers about an imminent recovery in the technology sector were misinterpreted by a Dutch newspaper.

Dutch daily Het Financieele Dagblad quoted Chambers as saying at a meeting with European reporters in San Jose on Monday that corporate spending on information technology would recover in the next two to four months.

But Cisco spokeswoman Robyn Jenkins-Blum said Chambers actually said companies would start spending on information technology two to four months after their own businesses turn around.

"There is nothing new in what John has been saying the last several quarters," Jenkins-Blum told Reuters.

No other reporters at the meeting that she knows of had written anything yet about what was said, she added.

The Dutch paper had no immediate comment.

The newspaper report helped boost U.S. technology stocks, which then eased after Cisco said the report was inaccurate.

Cisco, the world's largest maker of equipment that directs Internet traffic, is viewed as key benchmark for the health of U.S. corporations because of its wide customers base. Chambers comments often drive markets up or down by themselves.

"With the market rally as stretched as it is, you have portfolio managers, traders... looking for any positive news," said Justin McNichols, a portfolio manager with Osborne Partners Capital Management, a San Francisco asset management firm that owns Cisco shares.

Cisco's stock on Wednesday initially rose to its highest since January 2002 -- hitting $19.55 -- before giving back much of the gain. It was up 24 cents, or 1.3 percent, at $18.97 in heavy afternoon trading on the Nasdaq.

According to Jenkins-Blum, Chambers said the timing of a recovery was unknown, but it would start with small- to medium-size businesses, followed by some large corporate customers and then telephone companies two to six quarters after the corporations.



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© Copyright Reuters 2002. All rights reserved.

-->"She said Chambers was merely reiterating his long-held stance that industrywide spending will start rising about two to four months after IT customers begin to see their own businesses turning up, whenever that is."

Also nix neues nur falsch aufgefasst wie so oft. Wir stehen bereit und sind positioniert für den nächsten großen Aufschwung. Wann der kommt weiss keiner aber wenn er kommt wird alles gaaanz toll...