Kash, re Cisco and AMAT, how about Dell? Those three are next Tues, Wed, Thurs, BTW, as above.
Here's a Merrill Lynch prediction for Cisco. If we get this, should be OK, at least as far as Cisco goes. Courtesy Lynn of Cisco thread.
Here are the highlights from ML's research comment titled, "Cisco Systems: A Tech Bellwether,"
by Michael E. Ching, First Vice President, and Seth Weber,
Vice President
Reason for Report: 4Q Preview/Company Update
12 Month Price Objective: $84
Investment Opinion: B-1-1-9 [9 = no dividend]
Investment Highlights:
Cisco is scheduled to report 4Q results after
the close on August 8. We are looking for
revenues of $5.475 billion, up 54% over 4Q99
and +11% sequentially. EPS of $0.15 are
projected to rise 49% y/y.
We believe that as a bellwether stock, Cisco
deserves to trade at a premium valuation.
Our $84 price objective is 105x our CY01 EPS
estimate of $0.80, or 3x Cisco’s estimated 5-year
EPS growth rate of 35%. We reiterate
our intermediate and long-term Buy ratings.
Fundamental Highlights:
We estimate that about 45% of Cisco’s
revenues currently come from Enterprise
customers, with the faster growing Service
Provider segment representing about 40% of
revenues. Looking ahead, we expect Service
Providers to represent an increasingly
important part of Cisco’s growth.
As indicated in our June 26 Data Networking
report, Market Share/Trends: Review &
Outlook, we believe Cisco is gaining share in
the networking equipment market. We
estimate Cisco had 43% share in the March
2000 quarter, up from 40% in the December
quarter and 39% in the year ago period.
Lynn |
