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Joe Stocks

11/05/03 6:22 PM

#168482 RE: Teri Garner #168468

CSCO->> CFO SAYS SEES Q2 REVS UP 1 PCT TO 3 PCT FROM Q1<<

I thought when the analyst clarified this in Q7A they said that was year over year and not sequential. 4Q and 1Q are there best quarters. I doubt that with conservative guidance they would project 1-3% above this 1Q report.