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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

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To: Sonki who wrote (30309)	12/15/1999 10:26:00 AM
From: Curtis E. Bemis	Read Replies (2) of 77400

Analyst: Market overreacting to boilerplate statement By William L. Watts, CBS MarketWatch Last Update: 9:16 AM ET Dec 15, 1999 NEW YORK (CBS.MW) -- Shares of Cisco Systems were indicated to open lower Wednesday after the company revealed in a regulatory filing that it could see slower sales growth in the future. Analysts said any downside move based on the company's quarterly 10-Q filing with the Securities and Exchange Commission may be misguided, however, noting that the remarks represent a standard warning regularly issued by the company each quarter. Indeed, the language is included in a portion of the filing that requires companies to outline any possible risks to their financial condition. Shares of Cisco (CSCO) were recently seen at 94 1/12 on Instinet, down 3 7/16 from its close Tuesday. The pre-market weakness in Cisco appeared to be tied to the company's warning that its net sales growth could prove "significantly lower than our historical quarterly growth rate." This could make operating results for a particular quarter "extremely difficult to predict," the company said. Matt Barzowskas, an analyst at FAC/Equities, said the warning is being misinterpreted. "Every quarter they have a number of statements that their margins may come down and that they may not be able to continue their sales growth," he said. Barzowskas said any tumble would represent a buying opportunity. William L. Watts is a reporter for CBS MarketWatch. Steve Gelsi contributed to this report.

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