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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%3:59 PM EST
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To: Zoltan! who wrote (30498)12/20/1999 9:27:00 PM
From: Curtis E. Bemis  Read Replies (2) of 77400
 
* PaineWebber raised its price target on CISCO SYSTEMS to $138 a
share from $125. Cisco said it would buy the land-based optical
division of Pirelli SpA. Analyst Walt Piecyk said, "The
acquisition, in addition to its recent acquisitions of Cerent and
Monterrey Networks..., is an important step in Cisco's attempt to
address the service provider segment. A complete optical network
solution is likely to increase its success rate." Said the
acquisition increases Cisco's service provider target market to
$15 billion from $12 billion and accelerates the growth rate in
this addressable market to 50% from 45%. (Reuters 02:53 PM ET
12/20/99)
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