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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 3:59 PM EST

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To: Bob Kim who wrote (28242)	9/13/1999 5:16:00 PM
From: Tony Wang	Read Replies (2) of 77397

I had a premonition that Merrill's upgrade was going to be the "Kiss of Death". They used to have that Kurlak guy downgrading Intel right at the inflection lows. Merrill's analysts suck. CSCO doesn't need Merrill's intervention. They have nothing to say at $56 a share 1 month ago, now its 71, ML is bullish! My immigrant grandmother can do the same upgrade. Anyhow, it is important to hold 68 on CSCO. Technically, it is not a great sign that CSCO made minor new highs and closed on the low and down on the day. I tell you, Merrill's up and downgrades is the Kiss of Death

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