Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.78

+1.2%

3:59 PM EST

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To: sylvester80 who wrote (45074)	12/20/2000 8:05:11 AM
From: sylvester80	Read Replies (2) of 77400

Here is the downgrade link today. Does 30x earnings put CSCO around $25? www2.marketwatch.com Merrill downgrades CSCO --7:53 am - By Tomi Kilgore Analyst Michael Ching at Merrill Lynch lowered his intermediate-term rating on Cisco Systems (CSCO: news, msgs) to "accumulate" from "buy," citing continued concerns over service provider capital spending, and "emerging fears over a slowdown in corporate IT spending." He believes these issues will cut into the stock's multiple in the near term, noting that historically, Cisco traded at about 30 times "forward four quater EPS." Currently, Ching said it is trading at 50 times. Ching is leaving revenue and earnings estimates for 2000 and 2001 unchanged, but said potential for upside was limited. The stock closed down $1.19 at $41.75 on Tuesday.

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