>>Cabletron reports -$.12 per share. Boy, that is a company stealing CSCO market share <gg>
biz.yahoo.com
Justin
Well, you have to say this: they lay their eggs reliably and on schedule.
from Briefing.com:
13:10 ET******
CISCO SYSTEMS INC. (CSCO) 95 3/8 +4 15/16. Shares of computer networking stock continue to roar back, doubling in price since reaching an intermediate closing low on October 7. At that time, the stock was trading at $43 7/8, as doubts about Asia and its impact on corporate earnings had created concerns over the health of the bull market. In fact, not only was this blue chip technology stock in the dumps, but also the likes of Microsoft (MSFT 140 1/2 +2 11/16), Dell (DELL 70 7/8 +3), and Intel (INTC 122 9/16 +2 9/16) were also being affected by revenue and earnings blues. Cisco dispelled these concerns when it reported fiscal Q1 earnings in early November and five weeks later, the stock is trading at an all-time high. In fact, Wall Street has been "fine-tuning" estimates higher and reiterating positive sentiments about the technology sector in general. To be sure, CSCO remains on Briefing.com's core portfolio candidates list, although with each day and new high that it sets, the risk in the stock rises given the high multiple it trades at. Nonetheless, a stock like Cisco provides greater comfort than many of the Internet go-go stocks because at least this networking company has the revenues and earnings to back-up its valuation. Accordingly, the stock has performed exceptionally well during the past few weeks, and is up more than 150% for the year.
briefing.com |
