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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

3:59 PM EST

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To: Jacob S. Rosenberg who started this subject	11/8/2000 3:36:36 PM
From: FESHBACH_DISCIPLE	Read Replies (3) of 77397

Cisco Dn 5% After First Allied Issues Sell Rating Dow Jones Newswires By Peter Loftus Of DOW JONES NEWSWIRES NEW YORK -- Cisco Systems Inc. (CSCO) shares fell 5% Wednesday after First Allied Securities issued a sell rating on the stock, saying the company was too optimistic about future growth rates. Investors were also concerned about a new vendor financing deal that Cisco signed with Winstar Communications Inc. (WCII), a telecommunications company. Under the deal with Cisco Capital Finance, Winstar will receive funding to purchase network equipment from Cisco. Axxel Knutson, a First Allied broker, issued a sell rating on Cisco because the company was "extraordinarily optimistic" in its outlook after reporting better-than-expected first-quarter results Monday, Knutson said. Cisco executives said they expect fiscal 2001 revenue to rise 50% to 60% from fiscal 2000 levels, and they encouraged analysts to boost earnings estimates. ......because of copyright can't post the rest sorry

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