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Technology Stocks : Cisco
CSCO 71.08+0.1%Nov 7 9:30 AM EST
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To: The Phoenix who wrote ()5/23/2000 2:41:00 PM
From: Curtis E. Bemis  Read Replies (1) of 405
 
Not helpful--A S&P downgrade

S&P Downgrades Cisco to Accumulate"

personalwealth.com

Standard & Poor's downgraded its recommendation on shares of Cisco
Systems (Nasdaq: CSCO) to 4 STARS (accumulate) from 5 STARS (buy). S&P
Technology analyst Megan Graham-Hackett says the downgrade is not based
on the company's fundamentals, which remain among the healthiest in the
technology group. But given an increasingly skittish market in the midst
of a rising interest rate environment, CSCO's valuation will likely
remain under pressure. Graham-Hackett says that investors should note,
however, that with revenue growth in excess of 50%, gross margin at
around 64%, and cash from operations of $500 million per month being
generated, Cisco's solid fundamentals should enable the company to
outperform as the market's volatility eases.
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