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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+3.1%Nov 12 3:59 PM EST

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To: voop who wrote (29540)11/23/1999 8:37:00 AM
From: Zoltan!  Read Replies (2) of 77398
 
Other companies to keep an eye on this morning, cisco systems being spoken about this morning over at painewebber. Painewebber is basically initiating coverage of cisco with a buy rating, believing that the shares go higher from here. They have a note out on this stock today, basically talking about the business doing well going forward, initiating coverage with a buy rating and a target price of $125 a share. They say that it's the primary equipment beneficiary from the growth and data and the internet. And they say that they expect cisco to grow its revenue by more than 40% again in 2000 to over $17 billion, $17 billion in revenue is what painewebber is looking for from cisco systems in the year 2000. So, the stock is already trading up in the pre-market.
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