Cisco executive says doesn’t expect pricing change
April 3rd, 2008 | by admin |NEW YORK, April 3 (Reuters) - A senior Cisco Systems Inc(CSCO.O: Quote, Profile, Research) executive said on Thursday that he did not expect anychange in pricing of its network equipment, regardless of arecent market downturn.
“We do not expect to see any changes in terms of pricing,”Robert Lloyd, Cisco’s senior vice president of the UnitedStates, Canada and Japan, said in a conference call withGoldman Sachs when asked about worries of a slowdown in thetechnology industry.
Cisco shares fell 2.8 percent to $24.26 on Thursday afterUBS downgraded its outlook on Cisco shares, citing slowerorders.(Reporting by Ritsuko Ando)
