Daily News, New York, Stocks Column. (17-APR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Daily News, New York, Stocks Column.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 17-APR-01

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Byline: David Andelman

Apr. 17--Cisco, once among the hottest tech bellwethers, confirmed yesterday it will have to shed 8,500 jobs, while sales this quarter will fall short even of previously diminished estimates.

The No. 1 manufacturer of Internet equipment said its profits will be reduced by $2.5 billion due to equipment it can't sell and by $800 million to $1.2 billion for costs related to the layoffs.

"This may be...

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