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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.87

-0.5%

10:55 AM EST

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To: JF Quinnelly who wrote (27659)	8/16/1999 7:01:00 AM
From: Vendit™	Read Replies (1) of 77400

Cisco wins applause as sales boom By Cecily Fraser, CBS MarketWatch SAN JOSE, Calif. (CBS.MW) -- Wall Street bid up shares of Cisco Systems 7 percent Wednesday, applauding news that a 48 percent boom in Internet-fueled sales lifted the world's largest computer networking company past analysts' fourth-quarter earnings estimates. "Cisco is everything investors want," said Megan Graham-Hackett, director of technology research at Standard & Poor's. "It's a great Internet story, and it's a great, consistent profitability story." Cisco's stock (CSCO: news, msgs) climbed 4 3/16 to 62 15/16 on volume of 38 million shares, helping to give the technology sector a boost. cbs.marketwatch.com

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