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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.40

-1.4%

Jan 14 3:59 PM EST

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To: Eski who wrote (39178)	8/9/2000 11:41:18 AM
From: Ed Forrest	Read Replies (2) of 77400

Related Quotes CSCO 68 9/16 +3 1/16 delayed 20 mins - disclaimer Wednesday August 9, 11:12 am Eastern Time RESEARCH ALERT-Chase, Salomon upbeat on Cisco NEW YORK, Aug. 9 (Reuters) - Brokerages Salomon Smith Barney and Chase H&Q repeated their strong buy ratings on computer networking company Cisco Systems Inc. (NasdaqNM:CSCO - news) on Wednesday. -- after markets closed on Tuesday, Cisco reported fiscal fourth-quarter profits that beat Wall Street forecasts as sales rose 61 percent. -- Salomon Smith Barney analyst Alex Henderson raised fiscal 2001 earnings-per-share (EPS) outlook to 74 from 68 cents. -- raised fiscal 2001 revenue outlook to $28.37 billion from $26.7 billion. -- raised fiscal 2002 EPS outlook to 95 from 90 cents. -- also reiterated strong buy rating and $100 price target on the shares. -- Chase H&Q analyst Michael Neiberg raised his estimate for fiscal 2001 EPS to 75 from 70 cents. -- boosted fiscal 2001 revenue estimate to $28.1 billion from $26.4 billion. -- said ``quarter hits on all cylinders.'' -- said products were ``strong across all business segments. All geographic areas show strength, led by the Americas and impressive growth in Asia.'' -- kept strong buy rating. -- shares up 3-3/16 at 68-11/16.

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