Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (49544)	12/20/2000 8:11:59 AM
From: MythMan	Read Replies (5) of 436258

>>Wednesday, December 20, 2000 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.<< Can we buy a router on Ebay? -g-

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