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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.80

-0.3%

3:59 PM EST

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To: The Phoenix who wrote (38901)	8/7/2000 6:09:13 PM
From: Ed Forrest	Read Replies (1) of 77400

NEW YORK, Aug 7 (Reuters) - UBS Warburg said on Monday it expected Cisco Systems Inc. (NasdaqNM:CSCO - news) to meet or slightly exceed revenue and earnings estimates for the fourth quarter ended in July. In a quarterly preview, UBS Warburg said: -- had estimated $5.411 billion in revenues and 15 cents earnings per share (EPS). -- expected more upside to revenue estimate than EPS. -- now expected Cisco to report ``in line to a penny better than expected.'' -- estimated sequential growth 10 percent, but believes results will come in closer to 12 to 14 percent. -- maintained a buy rating and $85 price target. -- Shares were trading up 1-3/16 at 66-3/4 in morning trading on the Nasdaq.

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