Cisco tops $100 billion in market capital

Article Abstract:

Cisco Systems Inc. posted a market capitalization of more than $100 billion. Cisco is a manufacturer of computer-networking equipment. The company attained the more than $100 billion mark after being in the business since 1986. The market capitalization is considered to be the fastest ever by a company. Many observers believe that Cisco is experiencing just the early stages of its success. The company is expected to expand along with the Internet.

Comment:

Posts a market capitalization of more than $100 billion

Telephone Apparatus Manufacturing, Telephone & Telegraph Eqp NEC, Financial assets, Telecommunications systems, Cisco Systems Inc.

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Sun Microsystems beats forecasts, despite Asia, with 15% rise in net

Article Abstract:

Sun Microsystems Inc. reported higher than expected profits for the fiscal 1998 fourth-quarter. The company was able to post solid profits despite the weakness of sales in Asia. Sun Microsystems continued its growth at a more rapid pace than the majority of its computer manufacturing competitors. The company posted a 15% rise in its quarterly net income to $273 million, compared to $237.2 million during the same period in 1997.

Comment:

Reports higher than expected profits for the fiscal 1998 fourth-quarter

Electronic Computer Manufacturing, Sales, profits & dividends, Computers & Auxiliary Equip, Sun Microsystems Inc.

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