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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: Vendit™ who wrote (27443)	8/10/1999 7:51:00 PM
From: lizardK	Read Replies (1) of 77400

From Briefing.com: While a technical bounce in the Net group would alleviate downward pressure on the rest of the tech sector, Briefing.com concerned that ho-hum earnings report out of Cisco (CSCO 58 3/4 -1 1/16), after Tuesday's close, could undercut momentum... Don't get us wrong, CSCO delivered its usual positive earnings surpise, beating the street by one cent in reporting a gain of $0.21 on an impressive 48% jump in revenues.... But only large-cap tech stocks to post big gains on earnings numbers were those companies that blew out their number, and that CSCO did not do... In fact, given market's current bias toward the negative investors could focus on 1% decline in gross margins as reason to sell.

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