1、THIS ISTHE POWER OF THE NETWORK.now.CISCO SYSTEMS,INC.2003 ANNUAL REPORTCisco Systems,Inc.is the worldwide leader in networking for theInternet.Cisco hardware,software,and service offerings are used to create Internet solutions so that individuals,companies,andcountries have easy access to informati
2、onregardless of differencesin time and place.In addition,the company is recognized as a pioneerin using the Internet for its own business practices,offering consultingservices to help other organizations around the world.Today,net-works are an essential part of business,education,government,andhome
3、communications.Cisco was founded in 1984 by a small group of computer scientistsfrom Stanford University.Since the companys inception,Ciscoengineers have been prominent in the development of InternetProtocol(IP)-based networking technologies.This tradition of IPinnovation continues with industry-lea
4、ding products in the coreareas of routing and switching,along with advanced technologies in areas such as optical,network security,IP telephony,wirelessLAN,storage networking,and home networking.In addition to itsproducts,Cisco provides a broad range of service offerings,includingtechnical support s
5、ervices and advanced services.Cisco sells its prod-ucts and services,both directly through its own sales force andindirectly through channel partners,to large enterprises,commercialbusinesses,service providers,and consumers.As a company,Cisco operates on core values of customer focus and corporate c
6、itizenship.We express these values through globalinvolvement in educational,community,and philanthropic efforts.We invite you to learn more about Cisco at .TABLE OF CONTENTSFINANCIAL HIGHLIGHTS1LETTER TO SHAREHOLDERS2THIS IS THE POWER OF THE NETWORK.NOW.6STATEMENT OF RESPONSIBILITY16SELECTED FINANCI