News Release

Cisco Commends Governor Davis, Historic Transportation Initiatives

SAN JOSE, Calif., April 5, 2000 - Cisco Systems, Inc., the
Apr 05, 2000

SAN JOSE, Calif., April 5, 2000 - Cisco Systems, Inc., the worldwide leader in networking for the Internet, today lauded California Governor Gray Davis for his strong leadership and commitment to the transportation needs of Silicon Valley and California residents and businesses. Governor Davis will announce tomorrow an additional $5 billion in new transportation money. The plan includes $2.8 billion from the General Fund and $2.2 billion from a Transportation Bond.

"In the Internet economy, businesses and governments are partnering for their common goals," said Cisco President & CEO John Chambers. "This plan is designed to preserve California's long-term economic health. I applaud the Governor for focusing on our transportation challenges and opportunities. Working together, we are making a historic investment in Silicon Valley's and our state's future."

The $5 billion may result in as much as $15 billion in total transportation funding, a record investment in California's future. Funds will be used to fund new projects and complete existing projects along clogged commuter corridors, with a heavy emphasis on rail and mass transit. Funds will help local communities fund an unprecedented number of local high-priority projects.