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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: The Phoenix who wrote (34806)	5/8/2000 10:14:00 AM
From: Curtis E. Bemis	Read Replies (1) of 77399

--9:54 am ABN-Amro defends Cisco Commenting on the Barron's article regarding Cisco Systems (see 9:33 item), analyst Kenneth Leon at ABN-Amro said "we would buy the stock on any price weakness from the Barron's article." Leon disagrees with the reports assertion that Cisco needs acquisitions to grow; he believes market share gains in "high growth addressabel markets" drives the company's success. He added, "Valuation always stirs debate, but Cisco is growing at a rate well above its major competitors. We support a premium valuation." Cisco (CSCO: news, msgs) is now 3 1/2 lower at 64 1/4. www2.marketwatch.com

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