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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.75

-0.5%

3:59 PM EST

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To: Michael F. Donadio who wrote (28229)	9/13/1999 9:38:00 AM
From: Zoltan!	Read Replies (2) of 77397

RESEARCH ALERT- Merrill ups Cisco to near-term buy September 13, 1999 08:56 AM NEW YORK, Sept 13 (Reuters) - Merrill Lynch analyst Mike Ching said Monday he raised his rating on Cisco Systems Inc. CSCO to near-term buy from accumulate. -- Ching is increasing fiscal 2000 earnings per share estimate to $1.00 from $0.97, and fiscal 2001 EPS estimate to $1.30 from $1.22. -- He said he believes Cisco should trade at 75-times calendar 2000 EPS, making a price objective of $85. -- Ching said recent surveys suggest that "Y2K will not be as big an issue" as originally anticipated and Cisco is expected to be the leading supplier of some new technology, including Layer 3 switches. -- Also said recent industry data also indicate that Cisco continues to gain share in the five key data networking market segments. moneycentral.msn.com

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