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University Internet connections are about to get speedier. Today three high-tech firms said they were donating networking hardware and use of a zippy fiber-optic network linking 122 research universities through the Clinton administration's Next Generation Internet project. Together Qwest Communications International, Cisco Systems, and Northern Telecom will provide services and products worth an estimated $500 million over three years. Separately, the Defense Advanced Research Projects Agency will hand $50 million to 27 Internet-related research projects...
...continued quiet in Asia is really the key," says Schwartz. Tech bellwethers like Intel, Microsoft, and Cisco, supposedly the primary victims of sluggish overseas markets, have been rising steadily of late. And at home, potential flare-ups like the Lewinsky scandal ("Wall Street loves stability," Schwartz says) have had no effect on Bill Clinton's approval ratings--except to push them higher. And a military strike on Iraq looks weeks away. "Wall Street is emotional," Schwartz says. All the big players are buying, and when the mood is this good, only a real catastrophe is capable of spoiling...
That's not to say the pace of technological change is slowing. In fact, you haven't seen anything yet. Companies like Intel, Microsoft, Compaq, Cisco Systems and Oracle have plenty more cyber stuff on their drawing boards. What's in question is how much of it they will sell, how soon and at what price. One obvious problem is Asia. Tech companies were doing a lot of business there before the region's economies imploded. Intel, for example, has been getting 28% of its annual revenue there and will surely feel a sting from the slowdown...
...stocks each quarter. They tend to be technology stocks and other hot names such as Nike or Starbucks, where robust earnings are critical to supporting the stock price. Intel seems to have a whisper number in most quarters. There's been one for Microsoft, Netscape and Cisco Systems. Strong candidates this quarter are Dell and Compaq. How do you get the whisper? You don't. Only elite investors get their lobes tickled. The rest of us get the kind of ear nuzzle that Mike Tyson put on Evander Holyfield...
...credit for that record-setting pace goes to Chambers, an energetic West Virginian with a Kalishnikov for a mouth who plays only doubles when he takes to the tennis court, an extension of his desire to make Cisco into a team. Chambers is relentlessly customer focused and prodigiously paranoid. When Cisco loses a big order, Chambers rings the buying CEO to ask how he could improve...