August 24, 2001

Cisco restructures into 11 technology groups

Author: JT Smith

Reported at EE Times: "Cisco Systems Inc., the biggest maker of
computer-networking equipment, said on Thursday (Aug. 23) it was restructuring
into 11 technology groups and that it sees signs its business is stabilizing.

"We were pleased with July's linearity and we've been pleased so far with August,"
Cisco chief executive John Chambers told Reuters, adding that so far the quarter is
in line with its earlier guidance. Cisco has said it expects fiscal first-quarter sales to
be flat to down 5 percent sequentially."


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