By Lynne Hardy, 5 December 2001 08:06
NEWS Cisco said yesterday that its orders for network equipment in November were in line with expectations and that the company is remaining 'cautiously optimistic'. Speaking at the company's annual analysts' conference in San Jose, California, Cisco's CEO John Chambers said it had achieved stability in European markets and he that expects this trend to continue. However, Chambers stopped short of assuring that the current downturn would not ebb further. By close on Nasdaq yesterday, Cisco shares were trading up three per cent at $20.52 a share.
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