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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: Kenneth E. Phillipps who wrote (33055)	3/27/2000 12:35:00 PM
From: Ed Forrest	Read Replies (2) of 77399

News alert on Cisco.Perhaps Jones looking to pick up shares at a discount. <<Edward Jones lowers Cisco to hold CHICAGO, March 27 (Reuters) - Brokerage firm Edward Jones said Monday it lowered its recommendation for Cisco Systems Inc. (NasdaqNM:CSCO - news) to hold from buy and removed the stock from its model portfolio based on valuation. -- Noted that over the past 12 months, Cisco shares have risen over 200 percent and are selling at record valuation levels. -- Continued to believe the business outlook and long-term fundamentals for the company remain solid. However, at these price levels, ``We believe the stock is priced for perfection and leaves zero room for disappointment,' analyst Dave Powers wrote in a research note. -- Shares of Cisco, the largest maker of equipment that powers the Internet, added 1-3/4 to 81-1/8 in active morning trading.>>

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