Bill was a safe pair of hands, but when it came to dealing with a dynamic market and a bruised company, I think there is just a little bit of lost momentum. He is doing the right thing by stepping down. A lot of lesser men might not have been willing to step down.
We expect Juniper to introduce a box in that space.
We may be a bit early with this call, but we believe Cisco's results have bottomed, ... The US (50 percent of revenues) actually saw 13 percent revenue growth this quarter. Europe will likely remain weak but may also bottom by the end of 2001. We are still concerned about Asia.
Overall, we are happy with the (latest) quarter, but a little bummed about the outlook.
