You've cashed in your Cisco Systems stock, cursing yourself tor not getting out before the downward spiral. Now, whenever you hear, information about a hot telecom company or a catchy marketing phrase that touts the Internet's possibilities, your cynicism keeps you at bay. The last several months have not been good for networking-equipment companies. Service providers and enterprises, which buy switches and routers from these manufacturers, are operating under tight constraints. Across the industry, revenues are either flat or down, growth has been curtailed, and orders for equipment have decreased.
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