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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.46

-0.6%

Nov 20 3:59 PM EST

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To: Ex-INTCfan who wrote (32748)	3/15/2000 9:24:00 AM
From: Lynn	Read Replies (1) of 77400

Thread: Michael Ching had comments on CSCO in ML's "Technology Bits & Bytes" yesterday afternoon, 3/14. Read them and smile: Cisco (CSCO, $131 3/4, B-1-1-9) Update from ML Global Telecom Conference (Michael Ching 212-449-0187) In its presentation this morning, management indicated there is potential for up to 25 acquisitions over the next year. The company also sees opportunity for up to $148.3 bn in revenue opportunities over the next 10 years. Management also discussed its bullish outlook for the optical networking sector. The company highlighted its recent acquisitions of Cerent, Monterey, Pipelinks and Pirelli. Reiterate Buy rating. Merrill Lynch is currently acting as financial advisor to Pirelli SPA, in connection with the sale of its optical systems unit to Cisco Systems Inc, which was announced on December 20, 1999 Lynn

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